4005 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 1102824240146

Property Overview

Parcel ID1102824240146

Lot Size4,986 sq ft (0.114 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerSTEPHEN R BARRETTE

Assessed Value$271,500

Land Value$93,000

Building Value$178,500

Annual Tax$3,878

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

1 permit on record since 2019 · $4K total declared value · Most recent: Sep 2019 (misc)

MiscSep 2019Closed

$4K

BAYPORT ROOFING AND SIDING LLC

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth85 ft

Area~2,539 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 sfr / adu benchmarks for 2,539 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4009 ELLIOT AVE MINNEAPOLIS MN 55407	DANNY LINDSEY/SARAH LINDSEY	RESIDENTIAL	$294,000	40 ft
4001 ELLIOT AVE MINNEAPOLIS MN 55407	TAYLOR GROENKE & BRIAN ACKER	RESIDENTIAL	$284,800	47 ft
911 40TH ST E MINNEAPOLIS MN 55407	ELOY REYES GARCIA	RESIDENTIAL	$225,200	55 ft
4015 ELLIOT AVE MINNEAPOLIS MN 55407	S M DUBVAA/N J HUGHES-DUBVAA	RESIDENTIAL	$273,300	80 ft
4017 ELLIOT AVE MINNEAPOLIS MN 55407	E JOHANSEN & S S JOHANSEN	RESIDENTIAL	$284,000	120 ft
4004 10TH AVE S MINNEAPOLIS MN 55407	J R POMONE & A EVANS	RESIDENTIAL	$255,000	138 ft
4000 10TH AVE S MINNEAPOLIS MN 55407	TENTH CAPITAL LLC	RESIDENTIAL-TWO UNIT	$382,600	144 ft
4008 10TH AVE S MINNEAPOLIS MN 55407	S H LARSON & M K ZUST ET AL	RESIDENTIAL	$270,900	144 ft
3953 ELLIOT AVE MINNEAPOLIS MN 55407	ELLIOT CAPITAL LLC	APARTMENT	$77,500	147 ft
4021 ELLIOT AVE MINNEAPOLIS MN 55407	NAOMI R FENSKE	RESIDENTIAL	$301,200	160 ft

Property History

Current Tax Year

Year2026

Tax Due$3,878