5501 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824210103

Property Overview

Parcel ID2302824210103

Lot Size6,256 sq ft (0.144 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerSTEPHEN NESSER REV TRUST

Assessed Value$493,600

Land Value$190,000

Building Value$303,600

Annual Tax$7,878

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $49K total declared value · Most recent: May 2020 (existres)

ExistresMay 2020Closed

Standard Heating and Air Conditioning Inc

RemodelMar 2020Closed

$6K

PELLA NORTHLAND

AccessoryOct 2019Closed

$1K

Stephen Nesser

AccessoryAug 2019Cancelled

$29K

GENESIS REMODELING LLC

MiscMar 2018Closed

$13K

PELLA NORTHLAND

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

Neighborhood Profile

Diamond Lake · Minneapolis

Median reported rent1,798/mo

Renter-occupied6.8%

Median home value$416K

Vacancy rate0.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 117.04

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width113 ft

Buildable depth10 ft

Area~3,148 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 sfr / adu benchmarks for 3,148 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5505 ELLIOT AVE MINNEAPOLIS MN 55417	J F COUGHLIN & C P COUGHLIN	RESIDENTIAL	$507,000	50 ft
5509 ELLIOT AVE MINNEAPOLIS MN 55417	M R LOTZ & S LOTZ	RESIDENTIAL	$508,400	100 ft
5449 ELLIOT AVE MINNEAPOLIS MN 55417	K SWARTHOUT & J D KOPEC	RESIDENTIAL	$499,000	110 ft
5500 10TH AVE S MINNEAPOLIS MN 55417	CHRISTOPHER HENNESSY ET AL	RESIDENTIAL	$523,700	139 ft
5504 10TH AVE S MINNEAPOLIS MN 55417	B K CARLSON & S I CARLSON	RESIDENTIAL	$626,500	146 ft
5515 ELLIOT AVE MINNEAPOLIS MN 55417	T W CORCORAN & THEA-TULLOSS	RESIDENTIAL	$382,400	150 ft
5445 ELLIOT AVE MINNEAPOLIS MN 55417	K SLINGSBY & K SLINGSBY	RESIDENTIAL	$574,000	160 ft
5508 10TH AVE S MINNEAPOLIS MN 55417	W E SHEPHERD & J C SHEPHERD	RESIDENTIAL	$468,600	169 ft
5448 10TH AVE S MINNEAPOLIS MN 55417	A V KEALING & J R KEALING	RESIDENTIAL	$669,000	179 ft
5500 ELLIOT AVE MINNEAPOLIS MN 55417	M L SHEMA & R C FELBER	RESIDENTIAL	$466,800	183 ft

Property History

Most Recent Sale

Date200704

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,878