5148 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824310042

Property Overview

Parcel ID1402824310042

Lot Size4,946 sq ft (0.114 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerW M NELLIS & C A SERSLAND

Assessed Value$354,100

Land Value$173,000

Building Value$181,100

Annual Tax$5,255

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 2020 · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

SODERLIN PLUMBING HEATING AND AIR

ResNov 2020Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Hale · 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 width30 ft

Buildable depth84 ft

Area~2,509 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 2,509 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5144 ELLIOT AVE MINNEAPOLIS MN 55417	JOLENE LAURA IVERSON	RESIDENTIAL	$360,100	40 ft
5152 ELLIOT AVE MINNEAPOLIS MN 55417	RYAN FAHEY & SARAH FAHEY	RESIDENTIAL	$373,600	40 ft
5140 ELLIOT AVE MINNEAPOLIS MN 55417	B M OSBORN & WENDY C OSBORN	RESIDENTIAL	$859,100	80 ft
5156 ELLIOT AVE MINNEAPOLIS MN 55417	ERIC E SCHUCK	RESIDENTIAL	$375,000	80 ft
5136 ELLIOT AVE MINNEAPOLIS MN 55417	PAUL D TRIEU	RESIDENTIAL	$288,300	120 ft
5158 ELLIOT AVE MINNEAPOLIS MN 55417	JULI A KROLL/ANTHONY K MEYER	RESIDENTIAL	$401,300	120 ft
5147 CHICAGO AVE MINNEAPOLIS MN 55417	FIRST EVANGELICAL FREE CHRCH	RESIDENTIAL	$0	137 ft
5151 CHICAGO AVE MINNEAPOLIS MN 55417	FIRST EVANGELICAL FREE CHRCH	RESIDENTIAL	$0	143 ft
5143 CHICAGO AVE MINNEAPOLIS MN 55417	ZARABENNY HOLDINGS LLC	RESIDENTIAL	$228,000	143 ft
5155 CHICAGO AVE MINNEAPOLIS MN 55417	FIRST EVANGELICAL FREE CHRCH	RESIDENTIAL	$0	159 ft

Property History

Most Recent Sale

Date199209

Price$77,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,255