4816 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824240005

Property Overview

Parcel ID1402824240005

Lot Size6,193 sq ft (0.142 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerTODD CANNON & VALERIE CANNON

Assessed Value$433,900

Land Value$212,000

Building Value$221,900

Annual Tax$6,587

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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~3,353 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
4812 ELLIOT AVE MINNEAPOLIS MN 55417	GODFREY REVOCABLE TRUST	RESIDENTIAL	$598,300	50 ft
4820 ELLIOT AVE MINNEAPOLIS MN 55417	DAVID MCKUNE INGHAM	RESIDENTIAL	$504,500	50 ft
4808 ELLIOT AVE MINNEAPOLIS MN 55417	ELI PERSKY & CAITLIN PERSKY	RESIDENTIAL	$440,600	100 ft
4824 ELLIOT AVE MINNEAPOLIS MN 55417	L A ZUKOR & L L ZIMMERMANN	RESIDENTIAL	$584,900	100 ft
4817 CHICAGO AVE MINNEAPOLIS MN 55417	ELIZABETH TORKELSON	RESIDENTIAL-TWO UNIT	$552,600	138 ft
4815 CHICAGO AVE MINNEAPOLIS MN 55417	SO CHICAGO AVE BUS ALLIANCE	LAND-COMMERCIAL	$79,600	146 ft
4821 CHICAGO AVE MINNEAPOLIS MN 55417	Z MARTIN & B K MARTIN	RESIDENTIAL-TWO UNIT	$545,100	147 ft
4828 ELLIOT AVE MINNEAPOLIS MN 55417	K SHAEFFER & G NEWGARD	RESIDENTIAL	$531,000	150 ft
4804 ELLIOT AVE MINNEAPOLIS MN 55417	ALISON ARTH	RESIDENTIAL	$544,300	150 ft
4809 CHICAGO AVE MINNEAPOLIS MN 55417	SOUTH CHICAGO AVE PROPS LLC	COMMERCIAL-PREFERRED	$510,000	169 ft

Property History

Most Recent Sale

Date201903

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,587