3712 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 0202824340018

Property Overview

Parcel ID0202824340018

Lot Size4,931 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerKURT W PETERS ETAL

Assessed Value$289,800

Land Value$90,000

Building Value$199,800

Annual Tax$4,183

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Cultural District — 38th StreetHigh

Within the 38th Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2023 · Most recent: Jun 2023 (res)

ResJun 2023Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 96

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,496 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,496 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3716 ELLIOT AVE MINNEAPOLIS MN 55407	MEGAN G MOORE	RESIDENTIAL	$217,900	40 ft
3708 ELLIOT AVE MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$489,300	50 ft
3720 ELLIOT AVE MINNEAPOLIS MN 55407	CARLSON FAMILY TRUST	RESIDENTIAL	$328,500	80 ft
3700 ELLIOT AVE MINNEAPOLIS MN 55407	JEROME E ALHOLM & WIFE	RESIDENTIAL	$417,300	108 ft
3724 ELLIOT AVE MINNEAPOLIS MN 55407	M L REIL & M E GEBRE	RESIDENTIAL	$284,000	120 ft
3715 CHICAGO AVE MINNEAPOLIS MN 55407	CENTRO DE TRABAJADORES UNIDO	COMMERCIAL-PREFERRED	$0	134 ft
3721 CHICAGO AVE MINNEAPOLIS MN 55407	NMA INVESTMENTS LLC	LAND-COMMERCIAL	$68,500	156 ft
3705 CHICAGO AVE MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$207,100	157 ft
3728 ELLIOT AVE MINNEAPOLIS MN 55407	SOPHIA L FORBES	RESIDENTIAL	$267,100	161 ft
3725 CHICAGO AVE MINNEAPOLIS MN 55407	NMA INVESTMENTS LLC	COMMERCIAL-PREFERRED	$387,200	179 ft

Property History

Current Tax Year

Year2026

Tax Due$4,183