4841 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824240038

Property Overview

Parcel ID1402824240038

Lot Size6,376 sq ft (0.146 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerS A ELLISON & C R ANDERSON

Assessed Value$594,000

Land Value$220,000

Building Value$374,000

Annual Tax$9,489

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 · $10K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Closed

$10K

Proficient Construction LLC

ResJul 2017Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Northrop · Minneapolis

Median reported rent1,991/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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth88 ft

Area~3,499 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 sfr / adu benchmarks for 3,499 sqft buildable area.

Est. units

Yield on cost

1.9%

Spread

-3.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4845 ELLIOT AVE MINNEAPOLIS MN 55417	MICHAEL DAMAN & MEGAN DAMAN	RESIDENTIAL	$616,400	49 ft
4837 ELLIOT AVE MINNEAPOLIS MN 55417	STEVEN R & ANDREA L LITTLE	RESIDENTIAL	$503,200	50 ft
4833 ELLIOT AVE MINNEAPOLIS MN 55417	D D SELBERG & J D SELBERG	RESIDENTIAL	$613,600	100 ft
4840 10TH AVE S MINNEAPOLIS MN 55417	D W BACKMAN & C C BACKMAN	RESIDENTIAL	$476,900	141 ft
4844 10TH AVE S MINNEAPOLIS MN 55417	F & B STELMASIK	RESIDENTIAL	$480,400	149 ft
4836 10TH AVE S MINNEAPOLIS MN 55417	B ROBERTS & M ROBERTS	RESIDENTIAL	$569,300	150 ft
4829 ELLIOT AVE MINNEAPOLIS MN 55417	NELDA B RICHARDSON	RESIDENTIAL	$492,700	150 ft
4901 ELLIOT AVE MINNEAPOLIS MN 55417	SUSAN J ROTTUNDA	RESIDENTIAL	$624,800	158 ft
4832 10TH AVE S MINNEAPOLIS MN 55417	MEAGAN RETTERATH/M RETTERATH	RESIDENTIAL	$729,000	173 ft
4840 ELLIOT AVE MINNEAPOLIS MN 55417	K D HINZE & C MALIBAGO	RESIDENTIAL	$514,700	185 ft

Property History

Most Recent Sale

Date199604

Price$144,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,489