4728 ELLIOT AVE MINNEAPOLIS MN 55407

PID: 1402824210084

Property Overview

Parcel ID1402824210084

Lot Size6,194 sq ft (0.142 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerADAM HOPPUS

Assessed Value$503,500

Land Value$212,000

Building Value$291,500

Annual Tax$7,755

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

2 permits on record since 2014 · $52K total declared value · Most recent: Jun 2020 (misc)

MiscJun 2020Closed

$2K

LIMITLESS EXTERIORS AND REMODELING

Building Re-inspectionJul 2014

$50K

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~3,353 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 3,353 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
4724 ELLIOT AVE MINNEAPOLIS MN 55407	J W DICKER & L J TURNER	RESIDENTIAL	$492,600	50 ft
4732 ELLIOT AVE MINNEAPOLIS MN 55407	LESTER S SHEN/KAREN L LINNER	RESIDENTIAL	$565,600	50 ft
4720 ELLIOT AVE MINNEAPOLIS MN 55407	J CORDS & A SCHELLER	RESIDENTIAL	$498,500	100 ft
4736 ELLIOT AVE MINNEAPOLIS MN 55407	S HIGGINSON & M E MISGEN	RESIDENTIAL	$484,800	100 ft
4729 CHICAGO AVE MINNEAPOLIS MN 55407	JANA KRAMER ET AL	RESIDENTIAL-TWO UNIT	$473,600	137 ft
4725 CHICAGO AVE MINNEAPOLIS MN 55407	M J SCARVER TRU/S C ROSS TRU	RESIDENTIAL-TWO UNIT	$467,400	146 ft
4733 CHICAGO AVE MINNEAPOLIS MN 55407	HTM LLC	LAND-COMMERCIAL	$86,600	147 ft
4716 ELLIOT AVE MINNEAPOLIS MN 55407	J KILPATRICK & K KILPATRICK	RESIDENTIAL	$483,400	150 ft
4740 ELLIOT AVE MINNEAPOLIS MN 55407	NATHANIEL WYNIA/KATIE WYNIA	RESIDENTIAL	$451,600	150 ft
4737 CHICAGO AVE MINNEAPOLIS MN 55407	HTM LLC	COMMERCIAL-PREFERRED	$709,000	170 ft

Property History

Most Recent Sale

Date202102

Price$445,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,755