3624 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 0202824340163

Property Overview

Parcel ID0202824340163

Lot Size4,922 sq ft (0.113 ac)

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

Year Built1911

Property ClassRESIDENTIAL-TWO UNIT

OwnerJESSE MARKS

Assessed Value$388,500

Land Value$92,000

Building Value$296,500

Annual Tax$5,829

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

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~2,490 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 2,490 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
3620 ELLIOT AVE MINNEAPOLIS MN 55407	COLLEEN BEEBE/JESUS PURISACA	RESIDENTIAL	$377,600	43 ft
3632 ELLIOT AVE MINNEAPOLIS MN 55407	C GIROUX & K MORAN	RESIDENTIAL	$305,600	54 ft
3616 ELLIOT AVE MINNEAPOLIS MN 55407	J R PIMENTEL/O O CASTELLANOS	RESIDENTIAL	$518,500	89 ft
3636 ELLIOT AVE MINNEAPOLIS MN 55407	WAYNE BAILEY	RESIDENTIAL	$289,600	125 ft
3625 CHICAGO AVE MINNEAPOLIS MN 55407	MARY ELAINE MILES	RESIDENTIAL	$372,000	134 ft
3612 ELLIOT AVE MINNEAPOLIS MN 55407	EMILY ADAMS & TIMOTHY REAGAN	RESIDENTIAL	$342,100	134 ft
3623 CHICAGO AVE MINNEAPOLIS MN 55407	R H CRESS & M CRESS	RESIDENTIAL	$377,000	141 ft
3619 CHICAGO AVE MINNEAPOLIS MN 55407	RUKIA AHMED ALI	RESIDENTIAL	$376,500	162 ft
3633 CHICAGO AVE MINNEAPOLIS MN 55407	PEOPLE INCORPORATED	APARTMENT	$0	163 ft
3608 ELLIOT AVE MINNEAPOLIS MN 55407	N A MASTBAUM & M MASTBAUM	RESIDENTIAL	$272,000	180 ft

Property History

Most Recent Sale

Date201707

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,829