4804 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824240002

Property Overview

Parcel ID1402824240002

Lot Size6,189 sq ft (0.142 ac)

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

Year Built1927

Property ClassRESIDENTIAL

OwnerALISON ARTH

Assessed Value$544,300

Land Value$212,000

Building Value$332,300

Annual Tax$8,549

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 2017 · $4K total declared value · Most recent: Dec 2020 (existres)

ExistresDec 2020Closed

TEAM MECHANICAL INC

MiscApr 2017Closed

$4K

RENEWAL BY ANDERSEN CORP

ResJan 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Northrop · Minneapolis

Median reported rent1,991/mo

Renter-occupied11.2%

Median home value$420K

Vacancy rate5.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.03

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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~3,350 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 3,350 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
4808 ELLIOT AVE MINNEAPOLIS MN 55417	ELI PERSKY & CAITLIN PERSKY	RESIDENTIAL	$440,600	50 ft
4800 ELLIOT AVE MINNEAPOLIS MN 55417	D S WAMSLEY & J A WAMSLEY	RESIDENTIAL	$482,900	50 ft
4812 ELLIOT AVE MINNEAPOLIS MN 55417	GODFREY REVOCABLE TRUST	RESIDENTIAL	$598,300	100 ft
809 48TH ST E MINNEAPOLIS MN 55417	SOVEREIGN GROUNDS PROP LLC	COMMERCIAL-PREFERRED	$530,000	115 ft
4809 CHICAGO AVE MINNEAPOLIS MN 55417	SOUTH CHICAGO AVE PROPS LLC	COMMERCIAL-PREFERRED	$510,000	147 ft
4816 ELLIOT AVE MINNEAPOLIS MN 55417	TODD CANNON & VALERIE CANNON	RESIDENTIAL	$433,900	150 ft
4746 ELLIOT AVE MINNEAPOLIS MN 55407	J L JANSEN & K E PALMER	RESIDENTIAL	$407,600	159 ft
4815 CHICAGO AVE MINNEAPOLIS MN 55417	SO CHICAGO AVE BUS ALLIANCE	LAND-COMMERCIAL	$79,600	171 ft
4801 CHICAGO AVE MINNEAPOLIS MN 55417	WALLIS PROPERTIES LLC	COMMERCIAL-PREFERRED	$383,000	176 ft
4805 ELLIOT AVE MINNEAPOLIS MN 55417	T J MARXHAUSEN & C L LARSON	RESIDENTIAL	$479,600	185 ft

Property History

Most Recent Sale

Date202106

Price$576,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,549