3840 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 1102824210095

Property Overview

Parcel ID1102824210095

Lot Size5,195 sq ft (0.119 ac)

Lot Dimensions (est.)122 ft wide × 43 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerP S ZEFTEL & P M IVES

Assessed Value$233,000

Land Value$95,000

Building Value$138,000

Annual Tax$2,811

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

5 permits on record since 2019 · $10K total declared value · Most recent: May 2026 (remodel)

RemodelMay 2026Inspection

$3K

Wolf River Electric

ResJun 2023Closed

CenterPoint Energy Resource Corp

ExistresApr 2022Closed

HomeWorks Services LLC

RemodelDec 2019Closed

$2K

BLUE HORIZON ENERGY

MiscMay 2019Closed

$5K

NILLES BUILDERS INC

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

Neighborhood Profile

Bancroft · 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 width32 ft

Buildable depth84 ft

Area~2,672 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 2,672 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3836 ELLIOT AVE MINNEAPOLIS MN 55407	C SPENCER & B SCHUNEMAN	RESIDENTIAL	$310,000	42 ft
3844 ELLIOT AVE MINNEAPOLIS MN 55407	C D THOMPSON & C E BERG	RESIDENTIAL	$341,500	43 ft
3832 ELLIOT AVE MINNEAPOLIS MN 55407	KAREN E WILL	RESIDENTIAL	$293,000	85 ft
3848 ELLIOT AVE MINNEAPOLIS MN 55407	B A SIEJKO & K Z KIEJKO	RESIDENTIAL	$268,300	85 ft
3828 ELLIOT AVE MINNEAPOLIS MN 55407	BARBARA L GUTTMAN	RESIDENTIAL	$262,000	127 ft
3852 ELLIOT AVE MINNEAPOLIS MN 55407	N AREVALO & A VILLAGRANA	RESIDENTIAL-TWO UNIT	$487,000	127 ft
3841 CHICAGO AVE MINNEAPOLIS MN 55407	JOHN BLY	RESIDENTIAL	$340,300	134 ft
3845 CHICAGO AVE MINNEAPOLIS MN 55407	3845 LLC	APARTMENT	$621,000	140 ft
3837 CHICAGO AVE MINNEAPOLIS MN 55407	MICHAEL PAUL OLSON	RESIDENTIAL	$263,200	141 ft
3849 CHICAGO AVE MINNEAPOLIS MN 55407	REESE VALENTINE/DYLAN FRESE	RESIDENTIAL-TWO UNIT	$378,800	159 ft

Property History

Most Recent Sale

Date199408

Price$1

Type—

Current Tax Year

Year2026

Tax Due$2,811