4708 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 1402824210079

Property Overview

Parcel ID1402824210079

Lot Size6,185 sq ft (0.142 ac)

Lot Dimensions (est.)124 ft wide × 50 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerR L COCHRAN III/S D COCHRAN

Assessed Value$453,300

Land Value$212,000

Building Value$241,300

Annual Tax$6,910

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2019 · $68K total declared value · Most recent: Mar 2025 (misc)

MiscMar 2025Closed

$19K

KAUFMAN SHEET METAL ROOFING INC

RemodelJan 2024Expired

$5K

Robert Cochran

ResDec 2023Closed

Robert Cochran

ResJun 2023Closed

CenterPoint Energy Resource Corp

ExistresFeb 2023Closed

Baxter 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$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 width40 ft

Buildable depth84 ft

Area~3,346 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 3,346 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4704 ELLIOT AVE MINNEAPOLIS MN 55407	ROBERT A POWELL	RESIDENTIAL	$483,400	50 ft
4712 ELLIOT AVE MINNEAPOLIS MN 55407	PEGGY KOHL	RESIDENTIAL	$470,500	50 ft
4700 ELLIOT AVE MINNEAPOLIS MN 55407	ZACKARY MAIN	RESIDENTIAL	$531,800	100 ft
4716 ELLIOT AVE MINNEAPOLIS MN 55407	J KILPATRICK & K KILPATRICK	RESIDENTIAL	$483,400	100 ft
4709 CHICAGO AVE MINNEAPOLIS MN 55407	CITY-COUNTY FED CREDIT UNION	LAND-COMMERCIAL	$86,400	137 ft
4713 CHICAGO AVE MINNEAPOLIS MN 55407	JOHN O NEELEY	RESIDENTIAL-TWO UNIT	$407,200	146 ft
4705 CHICAGO AVE MINNEAPOLIS MN 55407	CITY-COUNTY FED CREDIT UNION	LAND-COMMERCIAL	$86,400	146 ft
4720 ELLIOT AVE MINNEAPOLIS MN 55407	J CORDS & A SCHELLER	RESIDENTIAL	$498,500	150 ft
4701 CHICAGO AVE MINNEAPOLIS MN 55407	WINGS FINANCIAL CREDIT UNION	COMMERCIAL-PREFERRED	$1,021,000	169 ft
4717 CHICAGO AVE MINNEAPOLIS MN 55407	PAUL A THOMPSON	RESIDENTIAL-TWO UNIT	$385,000	170 ft

Property History

Most Recent Sale

Date198604

Price$82,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,910