3608 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 0202824340159

Property Overview

Parcel ID0202824340159

Lot Size5,601 sq ft (0.129 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerN A MASTBAUM & M MASTBAUM

Assessed Value$272,000

Land Value$99,000

Building Value$173,000

Annual Tax$3,886

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 ↗

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width36 ft

Buildable depth82 ft

Area~2,947 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 2,947 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3604 ELLIOT AVE MINNEAPOLIS MN 55407	NELSON RIVERA IDROVO	RESIDENTIAL	$297,000	46 ft
3612 ELLIOT AVE MINNEAPOLIS MN 55407	EMILY ADAMS & TIMOTHY REAGAN	RESIDENTIAL	$342,100	46 ft
3616 ELLIOT AVE MINNEAPOLIS MN 55407	J R PIMENTEL/O O CASTELLANOS	RESIDENTIAL	$518,500	91 ft
3600 ELLIOT AVE MINNEAPOLIS MN 55407	TERRY F SMITH ET AL	RESIDENTIAL	$203,900	94 ft
815 36TH ST E MINNEAPOLIS MN 55407	P M HUDACHEK & R HUDACHEK	RESIDENTIAL	$202,900	100 ft
811 36TH ST E MINNEAPOLIS MN 55407	BENJAMIN LEWIS/MELANIE LEWIS	RESIDENTIAL	$280,400	116 ft
3620 ELLIOT AVE MINNEAPOLIS MN 55407	COLLEEN BEEBE/JESUS PURISACA	RESIDENTIAL	$377,600	137 ft
3615 CHICAGO AVE MINNEAPOLIS MN 55407	IH2 PROPERTY BORROWER LP	RESIDENTIAL	$372,000	141 ft
3601 CHICAGO AVE MINNEAPOLIS MN 55407	LUIS SINCHI	CONDOMINIUM	$130,000	151 ft
3603 CHICAGO AVE MINNEAPOLIS MN 55407	SARAH R HEDGE	CONDOMINIUM	$154,000	151 ft

Property History

Most Recent Sale

Date201707

Price$122,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,886