5348 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824340071

Property Overview

Parcel ID1402824340071

Lot Size5,189 sq ft (0.119 ac)

Lot Dimensions (est.)122 ft wide × 42 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerWAYNE ELLISON ET AL

Assessed Value$380,900

Land Value$171,000

Building Value$209,900

Annual Tax$5,702

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 2023 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

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 width32 ft

Buildable depth84 ft

Area~2,669 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 2,669 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5344 ELLIOT AVE MINNEAPOLIS MN 55417	SOPHIE S ALAMACHERE	RESIDENTIAL	$296,800	42 ft
5354 ELLIOT AVE MINNEAPOLIS MN 55417	HELEN MBIYU	RESIDENTIAL	$362,400	43 ft
5340 ELLIOT AVE MINNEAPOLIS MN 55417	MERRY B RICHARDS	RESIDENTIAL	$318,000	85 ft
5336 ELLIOT AVE MINNEAPOLIS MN 55417	CASIMIR A SIENKIEWICZ	RESIDENTIAL	$360,400	127 ft
5349 CHICAGO AVE MINNEAPOLIS MN 55417	DENNIS J KUEHLMAN	COMMERCIAL-PREFERRED	$806,000	138 ft
5345 CHICAGO AVE MINNEAPOLIS MN 55417	MACKENZIE OWENS	RESIDENTIAL-TWO UNIT	$434,500	142 ft
5400 ELLIOT AVE MINNEAPOLIS MN 55417	T J MENDENHALL/Q MENDENHALL	RESIDENTIAL	$413,800	157 ft
5341 CHICAGO AVE MINNEAPOLIS MN 55417	MATT P ST ANTHONY ET AL	RESIDENTIAL-TWO UNIT	$373,400	160 ft
5332 ELLIOT AVE MINNEAPOLIS MN 55417	R P WALLOCH & E J WALLOCH	RESIDENTIAL	$346,700	169 ft
5349 ELLIOT AVE MINNEAPOLIS MN 55417	THE STONICH LIVING TRUST	RESIDENTIAL	$350,800	184 ft

Property History

Most Recent Sale

Date202102

Price$310,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,702