4012 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 1102824240152

Property Overview

Parcel ID1102824240152

Lot Size4,846 sq ft (0.111 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerM O SMITH & G B SMITH

Assessed Value$302,400

Land Value$92,000

Building Value$210,400

Annual Tax$4,394

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 2017 · $10K total declared value · Most recent: May 2017 (misc)

MiscMay 2017Closed

$10K

KAT CONSTRUCTION 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

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 depth81 ft

Area~2,434 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 2,434 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
4008 ELLIOT AVE MINNEAPOLIS MN 55407	HOLLY K KLINGER	RESIDENTIAL	$307,000	40 ft
4016 ELLIOT AVE MINNEAPOLIS MN 55407	J YOUNG & J CRANDALL	RESIDENTIAL	$343,400	40 ft
4004 ELLIOT AVE MINNEAPOLIS MN 55407	S B TROY & N K ROCKSWOLD	RESIDENTIAL	$294,900	80 ft
4020 ELLIOT AVE MINNEAPOLIS MN 55407	CHAD M KOFFSKI	RESIDENTIAL	$308,400	80 ft
4000 ELLIOT AVE MINNEAPOLIS MN 55407	MORGEN CHANG & BRYAN PYLE	RESIDENTIAL	$249,000	120 ft
4024 ELLIOT AVE MINNEAPOLIS MN 55407	WILLIE ROBINSON JR ET AL	RESIDENTIAL	$367,000	120 ft
4015 CHICAGO AVE MINNEAPOLIS MN 55407	DINA M ELIAS	RESIDENTIAL	$437,600	135 ft
4017 CHICAGO AVE MINNEAPOLIS MN 55407	ROMELL J WHITE	RESIDENTIAL	$339,000	141 ft
4009 CHICAGO AVE MINNEAPOLIS MN 55407	RICHARD MAYNARD NYLANDER	RESIDENTIAL-TWO UNIT	$376,500	141 ft
4021 CHICAGO AVE MINNEAPOLIS MN 55407	CHRISTOPHER A TIDEMANN	RESIDENTIAL	$364,000	157 ft

Property History

Most Recent Sale

Date198811

Price$28,199

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,394