4952 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824310146

Property Overview

Parcel ID1402824310146

Lot Size6,199 sq ft (0.142 ac)

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

Year Built1928

Property ClassRESIDENTIAL

OwnerJ W HUSTLEBY & R O HUSTLEBY

Assessed Value$377,000

Land Value$217,000

Building Value$160,000

Annual Tax$5,814

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 2017 · Most recent: May 2017 (res)

ResMay 2017Closed

Urban Pine Plumbing and Mechanical 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

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~836 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 836 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
4948 ELLIOT AVE MINNEAPOLIS MN 55417	AGNES DINGER TRUST	RESIDENTIAL	$517,300	50 ft
4944 ELLIOT AVE MINNEAPOLIS MN 55417	JOHN F MILITELLO ET AL	RESIDENTIAL	$469,200	100 ft
820 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	D P BOWLING & B KEE-BOWLING	RESIDENTIAL	$745,900	111 ft
814 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	E SCHLOTTERBECK/J P O CONNER	RESIDENTIAL	$761,000	114 ft
5001 CHICAGO AVE MINNEAPOLIS MN 55417	INT'L HOME & OFFICE LLC	RESIDENTIAL-TWO UNIT	$564,300	138 ft
4949 CHICAGO AVE MINNEAPOLIS MN 55417	M JOLICOEUR & K JOLICOEUR	RESIDENTIAL	$492,400	146 ft
4940 ELLIOT AVE MINNEAPOLIS MN 55417	R A ROTH & D A ASHWORTH	RESIDENTIAL	$497,500	150 ft
806 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	THOMAS K OVERTON & WIFE	RESIDENTIAL	$669,800	152 ft
4945 CHICAGO AVE MINNEAPOLIS MN 55417	NICHOLAS G & SONIA N HOULE	APARTMENT	$621,000	170 ft
900 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	D J MARTIN & M E HODGKINS	RESIDENTIAL	$693,700	179 ft

Property History

Most Recent Sale

Date202111

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,814