4932 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824240161

Property Overview

Parcel ID1402824240161

Lot Size6,205 sq ft (0.142 ac)

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

Year Built1929

Property ClassRESIDENTIAL

OwnerPATRICK J MAHONEY

Assessed Value$514,000

Land Value$213,000

Building Value$301,000

Annual Tax$3,687

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~3,364 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 3,364 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
4928 ELLIOT AVE MINNEAPOLIS MN 55417	MAURER CHRISTIAN LIVING TR	RESIDENTIAL	$487,900	50 ft
4936 ELLIOT AVE MINNEAPOLIS MN 55417	I THEISSEN & K THEISSEN	RESIDENTIAL	$580,500	50 ft
4924 ELLIOT AVE MINNEAPOLIS MN 55417	JOHN L GRAVLIN & WIFE	RESIDENTIAL	$471,800	100 ft
4940 ELLIOT AVE MINNEAPOLIS MN 55417	R A ROTH & D A ASHWORTH	RESIDENTIAL	$497,500	100 ft
4933 CHICAGO AVE MINNEAPOLIS MN 55417	JONATHAN MUGGE/DARCIE MUGGE	RESIDENTIAL-TWO UNIT	$656,100	138 ft
4929 CHICAGO AVE MINNEAPOLIS MN 55417	KAREN PEDERSEN TRUSTEE	RESIDENTIAL-TWO UNIT	$494,100	146 ft
4939 CHICAGO AVE MINNEAPOLIS MN 55417	REVIVAL PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$500,300	147 ft
4920 ELLIOT AVE MINNEAPOLIS MN 55417	C T BRANDT & D J BRANDT	RESIDENTIAL	$513,800	150 ft
4944 ELLIOT AVE MINNEAPOLIS MN 55417	JOHN F MILITELLO ET AL	RESIDENTIAL	$469,200	150 ft
4925 CHICAGO AVE MINNEAPOLIS MN 55417	KELSEY RESS/PHILLIP PAPPANO	RESIDENTIAL-TWO UNIT	$557,400	170 ft

Property History

Most Recent Sale

Date201202

Price$290,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,687