4832 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824240009

Property Overview

Parcel ID1402824240009

Lot Size6,198 sq ft (0.142 ac)

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

Year Built1927

Property ClassRESIDENTIAL

OwnerD K FAST & J S FAST

Assessed Value$431,000

Land Value$212,000

Building Value$219,000

Annual Tax$6,538

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 2017 · Most recent: Sep 2017 (res)

ResSep 2017Closed

WOODLAND STOVES & FIREPLACES

ResAug 2017Closed

BENJAMIN FRANKLIN PLUMBING

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~3,357 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 3,357 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
4828 ELLIOT AVE MINNEAPOLIS MN 55417	K SHAEFFER & G NEWGARD	RESIDENTIAL	$531,000	50 ft
4836 ELLIOT AVE MINNEAPOLIS MN 55417	D EISENMENGER/H EISENMENGER	RESIDENTIAL	$696,100	50 ft
4824 ELLIOT AVE MINNEAPOLIS MN 55417	L A ZUKOR & L L ZIMMERMANN	RESIDENTIAL	$584,900	100 ft
4840 ELLIOT AVE MINNEAPOLIS MN 55417	K D HINZE & C MALIBAGO	RESIDENTIAL	$514,700	100 ft
4833 CHICAGO AVE MINNEAPOLIS MN 55417	MATTHEW S VOGEL	RESIDENTIAL-TWO UNIT	$545,400	138 ft
4829 CHICAGO AVE MINNEAPOLIS MN 55417	DIANE L HELGERSON	RESIDENTIAL	$557,600	146 ft
4837 CHICAGO AVE MINNEAPOLIS MN 55417	KERRY D HINZE	TRIPLEX	$581,600	147 ft
4844 ELLIOT AVE MINNEAPOLIS MN 55417	ANDREW DORLE/COURTNEY DORLE	RESIDENTIAL	$511,800	149 ft
4820 ELLIOT AVE MINNEAPOLIS MN 55417	DAVID MCKUNE INGHAM	RESIDENTIAL	$504,500	150 ft
4827 CHICAGO AVE MINNEAPOLIS MN 55417	JON J IBS	RESIDENTIAL-TWO UNIT	$546,700	170 ft

Property History

Most Recent Sale

Date198408

Price$81,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,538