4000 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 1102824240149

Property Overview

Parcel ID1102824240149

Lot Size4,846 sq ft (0.111 ac)

Lot Dimensions (est.)121 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerMORGEN CHANG & BRYAN PYLE

Assessed Value$249,000

Land Value$92,000

Building Value$157,000

Annual Tax$3,503

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width108 ft

Buildable depth0 ft

Area~2,191 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,191 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4004 ELLIOT AVE MINNEAPOLIS MN 55407	S B TROY & N K ROCKSWOLD	RESIDENTIAL	$294,900	40 ft
4008 ELLIOT AVE MINNEAPOLIS MN 55407	HOLLY K KLINGER	RESIDENTIAL	$307,000	80 ft
4012 ELLIOT AVE MINNEAPOLIS MN 55407	M O SMITH & G B SMITH	RESIDENTIAL	$302,400	120 ft
3952 ELLIOT AVE MINNEAPOLIS MN 55407	ELLIOT CAPITAL LLC	APARTMENT	$603,000	128 ft
4001 CHICAGO AVE MINNEAPOLIS MN 55407	Y K ZACHMAN & L J FIEDLER	RESIDENTIAL	$210,200	135 ft
4005 CHICAGO AVE MINNEAPOLIS MN 55407	SUSAN WEISS & SAM WEISS	RESIDENTIAL-TWO UNIT	$297,000	141 ft
4009 CHICAGO AVE MINNEAPOLIS MN 55407	RICHARD MAYNARD NYLANDER	RESIDENTIAL-TWO UNIT	$376,500	157 ft
4001 ELLIOT AVE MINNEAPOLIS MN 55407	TAYLOR GROENKE & BRIAN ACKER	RESIDENTIAL	$284,800	158 ft
4016 ELLIOT AVE MINNEAPOLIS MN 55407	J YOUNG & J CRANDALL	RESIDENTIAL	$343,400	160 ft
3953 CHICAGO AVE MINNEAPOLIS MN 55407	MILES F PALEN-KIPPER	RESIDENTIAL-TWO UNIT	$466,500	172 ft

Property History

Most Recent Sale

Date202311

Price$282,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,503