4721 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 1402824210071

Property Overview

Parcel ID1402824210071

Lot Size6,365 sq ft (0.146 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerJO A & JAMES A NELSON JR

Assessed Value$493,600

Land Value$220,000

Building Value$273,600

Annual Tax$7,583

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

3 permits on record since 2018 · $5K total declared value · Most recent: Nov 2024 (misc)

MiscNov 2024Closed

$5K

RENEWAL BY ANDERSEN CORP

ExistresMay 2021Closed

CENTERPOINT ENERGY

ResDec 2018Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Northrop · Minneapolis

Median reported rent1,090/mo

Renter-occupied19.0%

Median home value$334K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 110

Market Snapshot

Zip code 55407

Median sale price$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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 width40 ft

Buildable depth87 ft

Area~3,490 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 sfr / adu benchmarks for 3,490 sqft buildable area.

Est. units

Yield on cost

1.9%

Spread

-3.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4725 ELLIOT AVE MINNEAPOLIS MN 55407	JOAN M ROURKE	RESIDENTIAL	$415,700	50 ft
4717 ELLIOT AVE MINNEAPOLIS MN 55407	L F LOWE & T W LOWE	RESIDENTIAL	$472,300	50 ft
4729 ELLIOT AVE MINNEAPOLIS MN 55407	C & C HUCEK	RESIDENTIAL	$474,200	100 ft
4715 ELLIOT AVE MINNEAPOLIS MN 55407	S TAYLOR & C SEEVINCK	RESIDENTIAL	$450,400	100 ft
4720 10TH AVE S MINNEAPOLIS MN 55407	AVERY O'NEILL/KERRY O'NEILL	RESIDENTIAL	$491,000	141 ft
4724 10TH AVE S MINNEAPOLIS MN 55407	WESLEY BLAIR LITTLE REV TRST	RESIDENTIAL	$506,800	149 ft
4716 10TH AVE S MINNEAPOLIS MN 55407	J THIBERT & C DANIELSON	RESIDENTIAL	$679,700	150 ft
4733 ELLIOT AVE MINNEAPOLIS MN 55407	BARBARA JEAN PROK	RESIDENTIAL	$457,800	150 ft
4709 ELLIOT AVE MINNEAPOLIS MN 55407	G J DOSSER & S L DOSSER	RESIDENTIAL	$525,900	150 ft
4728 10TH AVE S MINNEAPOLIS MN 55407	K L CHASTAIN & E R CHASTAIN	RESIDENTIAL	$440,100	172 ft

Property History

Current Tax Year

Year2026

Tax Due$7,583