5300 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824340172

Property Overview

Parcel ID1402824340172

Lot Size7,390 sq ft (0.170 ac)

Lot Dimensions (est.)123 ft wide × 60 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerT W BURKHART & A F BURKHART

Assessed Value$514,000

Land Value$198,000

Building Value$316,000

Annual Tax$7,970

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $118K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$8K

Antoinette Burkhart

ResJun 2023Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

RemodelSep 2022Expired

$98K

Thomas Burkhart

ExistresJul 2022Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ExistresJul 2022Closed

$12K

COMFORT MAKERS MECHANICAL LLC

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

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 width110 ft

Buildable depth20 ft

Area~3,905 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 3,905 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
5306 ELLIOT AVE MINNEAPOLIS MN 55417	A STEVENS & N STEVENS	RESIDENTIAL	$373,300	50 ft
5308 ELLIOT AVE MINNEAPOLIS MN 55417	JAY M KATZENBERGER	RESIDENTIAL	$366,600	90 ft
5252 ELLIOT AVE MINNEAPOLIS MN 55417	KIRA ASHLEY & KASE LIGMAN	RESIDENTIAL	$387,600	120 ft
5312 ELLIOT AVE MINNEAPOLIS MN 55417	STEVEN S SOUCHTCHENKO	RESIDENTIAL	$366,100	130 ft
5301 CHICAGO AVE MINNEAPOLIS MN 55417	5301 CHICAGO AVENUE LLC	APARTMENT	$1,976,000	142 ft
5248 ELLIOT AVE MINNEAPOLIS MN 55417	G A & J L PHILLIPS	RESIDENTIAL	$406,400	170 ft
5316 ELLIOT AVE MINNEAPOLIS MN 55417	LISA A OLSON	RESIDENTIAL	$436,400	170 ft
5255 CHICAGO AVE MINNEAPOLIS MN 55417	PMU RENTALS LLC	COMMERCIAL-PREFERRED	$296,000	172 ft
5301 ELLIOT AVE MINNEAPOLIS MN 55417	CAROL A SOLHEID	RESIDENTIAL	$495,400	184 ft
5313 CHICAGO AVE MINNEAPOLIS MN 55417	RENE & CAROL J DE LOS REYES	RESIDENTIAL-TWO UNIT	$374,500	189 ft

Property History

Most Recent Sale

Date200603

Price$267,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,970