5432 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824210046

Property Overview

Parcel ID2302824210046

Lot Size6,100 sq ft (0.140 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerJ E & S M BAUMGARTNER

Assessed Value$486,200

Land Value$183,000

Building Value$303,200

Annual Tax$7,747

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 2021 · Most recent: May 2022 (res)

ResMay 2022Closed

CenterPoint Energy Resource Corp

ExistresApr 2021Closed

Ray N Welter Heating Co

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 width40 ft

Buildable depth82 ft

Area~3,278 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 3,278 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5428 ELLIOT AVE MINNEAPOLIS MN 55417	TINA N THOMAS	RESIDENTIAL	$474,700	50 ft
5436 ELLIOT AVE MINNEAPOLIS MN 55417	D R HARTZELL & J E DAVIS	RESIDENTIAL	$441,300	50 ft
5424 ELLIOT AVE MINNEAPOLIS MN 55417	S & W OSMAN	RESIDENTIAL	$443,500	100 ft
5440 ELLIOT AVE MINNEAPOLIS MN 55417	M & S GABLE	RESIDENTIAL	$512,600	100 ft
5433 CHICAGO AVE MINNEAPOLIS MN 55417	PAUL WOYCHICK	RESIDENTIAL-TWO UNIT	$433,000	136 ft
5429 CHICAGO AVE MINNEAPOLIS MN 55417	B S SHEEHAN & J N DRAGONETTI	RESIDENTIAL-TWO UNIT	$484,100	144 ft
5437 CHICAGO AVE MINNEAPOLIS MN 55417	TTPR HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$419,100	145 ft
5420 ELLIOT AVE MINNEAPOLIS MN 55417	NILS L HANSEN/MARY C HANSEN	RESIDENTIAL	$560,100	150 ft
5444 ELLIOT AVE MINNEAPOLIS MN 55417	J STEBBINS & M STEBBINS	RESIDENTIAL	$548,000	150 ft
5425 CHICAGO AVE MINNEAPOLIS MN 55417	BRENDA JEAN	RESIDENTIAL-TWO UNIT	$515,000	167 ft

Property History

Most Recent Sale

Date199404

Price$154,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,747