4949 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824240140

Property Overview

Parcel ID1402824240140

Lot Size6,215 sq ft (0.143 ac)

Lot Dimensions (est.)128 ft wide × 49 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerE O HAUGEN & S A AHL

Assessed Value$743,200

Land Value$221,000

Building Value$522,200

Annual Tax$12,311

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

1 permit on record since 2004 · $278K total declared value · Most recent: Sep 2004 (building re-inspection)

Building Re-inspectionSep 2004

$278K

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 width60 ft

Buildable depth49 ft

Area~820 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 820 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4945 ELLIOT AVE MINNEAPOLIS MN 55417	JUNAID M NIAZI & P T HICKEY	RESIDENTIAL	$612,900	52 ft
4941 ELLIOT AVE MINNEAPOLIS MN 55417	TIMOTHY & JANET JOHNSON	RESIDENTIAL	$561,000	102 ft
910 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	D W REMINGTON & C REMINGTON	RESIDENTIAL	$526,400	114 ft
914 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	M HOLCOMB & K ZIMMERMAN	RESIDENTIAL	$651,500	121 ft
906 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	JOHN R STANTON	RESIDENTIAL	$565,600	128 ft
920 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	RONALD W & JANE C PETRICH	RESIDENTIAL	$772,100	150 ft
4937 ELLIOT AVE MINNEAPOLIS MN 55417	K S NELSON & D E NELSON	RESIDENTIAL	$579,900	151 ft
900 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	D J MARTIN & M E HODGKINS	RESIDENTIAL	$693,700	153 ft
4944 10TH AVE S MINNEAPOLIS MN 55417	CECILIA MAHER & JOSEPH MAHER	RESIDENTIAL	$587,600	161 ft
4948 ELLIOT AVE MINNEAPOLIS MN 55417	AGNES DINGER TRUST	RESIDENTIAL	$517,300	175 ft

Property History

Most Recent Sale

Date198901

Price$147,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$12,311