5320 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 1402824340177

Property Overview

Parcel ID1402824340177

Lot Size4,893 sq ft (0.112 ac)

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

Year Built1931

Property ClassRESIDENTIAL

OwnerM MULVAHILL & C MULVAHILL

Assessed Value$542,200

Land Value$166,000

Building Value$376,200

Annual Tax$8,510

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 2017 · $23K total declared value · Most recent: Dec 2025 (existres)

ExistresDec 2025Inspection

The Snelling Co Inc

AccessoryAug 2017Closed

$23K

Casey A Kespohl

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 depth82 ft

Area~2,470 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 2,470 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
5316 ELLIOT AVE MINNEAPOLIS MN 55417	LISA A OLSON	RESIDENTIAL	$436,400	40 ft
5324 ELLIOT AVE MINNEAPOLIS MN 55417	KEVIN M MORRISON	RESIDENTIAL	$397,400	40 ft
5312 ELLIOT AVE MINNEAPOLIS MN 55417	STEVEN S SOUCHTCHENKO	RESIDENTIAL	$366,100	80 ft
5328 ELLIOT AVE MINNEAPOLIS MN 55417	A F VAN BECK & M F VAN BECK	RESIDENTIAL	$521,200	81 ft
5308 ELLIOT AVE MINNEAPOLIS MN 55417	JAY M KATZENBERGER	RESIDENTIAL	$366,600	120 ft
5332 ELLIOT AVE MINNEAPOLIS MN 55417	R P WALLOCH & E J WALLOCH	RESIDENTIAL	$346,700	123 ft
5321 CHICAGO AVE MINNEAPOLIS MN 55417	RANDALL M EGAN	RESIDENTIAL-TWO UNIT	$406,500	136 ft
5327 CHICAGO AVE MINNEAPOLIS MN 55417	TERRON MOORE & DONAVAN MOORE	RESIDENTIAL-TWO UNIT	$380,100	142 ft
5317 CHICAGO AVE MINNEAPOLIS MN 55417	NANCY & GREGG HEDLUND	RESIDENTIAL-TWO UNIT	$405,300	142 ft
5313 CHICAGO AVE MINNEAPOLIS MN 55417	RENE & CAROL J DE LOS REYES	RESIDENTIAL-TWO UNIT	$374,500	158 ft

Property History

Most Recent Sale

Date202206

Price$725,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,510