5354 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824340072

Property Overview

Parcel ID1402824340072

Lot Size5,411 sq ft (0.124 ac)

Lot Dimensions (est.)122 ft wide × 44 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerHELEN MBIYU

Assessed Value$362,400

Land Value$166,000

Building Value$196,400

Annual Tax$5,394

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth4 ft

Area~2,571 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 2,571 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5348 ELLIOT AVE MINNEAPOLIS MN 55417	WAYNE ELLISON ET AL	RESIDENTIAL	$380,900	43 ft
5344 ELLIOT AVE MINNEAPOLIS MN 55417	SOPHIE S ALAMACHERE	RESIDENTIAL	$296,800	86 ft
5400 ELLIOT AVE MINNEAPOLIS MN 55417	T J MENDENHALL/Q MENDENHALL	RESIDENTIAL	$413,800	113 ft
5340 ELLIOT AVE MINNEAPOLIS MN 55417	MERRY B RICHARDS	RESIDENTIAL	$318,000	128 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	161 ft
5404 ELLIOT AVE MINNEAPOLIS MN 55417	M ROERING & L DICKINSON	RESIDENTIAL	$549,500	163 ft
5336 ELLIOT AVE MINNEAPOLIS MN 55417	CASIMIR A SIENKIEWICZ	RESIDENTIAL	$360,400	170 ft
5353 ELLIOT AVE MINNEAPOLIS MN 55417	NHHI M J BJERKESETT HSE INC	LOW INCOME RENTAL	$409,900	184 ft
5341 CHICAGO AVE MINNEAPOLIS MN 55417	MATT P ST ANTHONY ET AL	RESIDENTIAL-TWO UNIT	$373,400	187 ft

Property History

Most Recent Sale

Date200412

Price$220,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,394