5401 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824210158

Property Overview

Parcel ID2302824210158

Lot Size6,297 sq ft (0.145 ac)

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

Year Built1949

Property ClassRESIDENTIAL

OwnerS T BISSINGER & J A RUTH

Assessed Value$485,300

Land Value$180,000

Building Value$305,300

Annual Tax$7,505

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

6 permits on record since 2019 · $32K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Expired

Urban Pine Plumbing and Mechanical Inc

MiscNov 2023Closed

$11K

LEGACY RESTORATION LLC

RemodelOct 2022Closed

$4K

Everlight Solar Construction

ResMay 2022Closed

CenterPoint Energy Resource Corp

AccessoryApr 2020Closed

$17K

JACK THE CARPENTER INC

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

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~3,178 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 3,178 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
5405 ELLIOT AVE MINNEAPOLIS MN 55417	J E DONHAM & G C ARNOLD	RESIDENTIAL	$451,000	50 ft
5409 ELLIOT AVE MINNEAPOLIS MN 55417	JEFF WILSON & EMMA SCHAPER	RESIDENTIAL	$487,100	96 ft
5353 ELLIOT AVE MINNEAPOLIS MN 55417	NHHI M J BJERKESETT HSE INC	LOW INCOME RENTAL	$409,900	113 ft
5400 10TH AVE S MINNEAPOLIS MN 55417	TODD LEE SYRING ET AL	RESIDENTIAL	$536,500	140 ft
5404 10TH AVE S MINNEAPOLIS MN 55417	ERIC BREECE/ALYSSA K LINGOR	RESIDENTIAL	$498,700	147 ft
5417 ELLIOT AVE MINNEAPOLIS MN 55417	BRITTANY D LAWONN ET AL	RESIDENTIAL	$434,500	150 ft
5349 ELLIOT AVE MINNEAPOLIS MN 55417	THE STONICH LIVING TRUST	RESIDENTIAL	$350,800	156 ft
5408 10TH AVE S MINNEAPOLIS MN 55417	L C & P M AYLESWORTH	RESIDENTIAL	$481,100	169 ft
5352 10TH AVE S MINNEAPOLIS MN 55417	P A BAUER & D P GEISTER	RESIDENTIAL	$419,500	181 ft
5400 ELLIOT AVE MINNEAPOLIS MN 55417	T J MENDENHALL/Q MENDENHALL	RESIDENTIAL	$413,800	183 ft

Property History

Most Recent Sale

Date199709

Price$134,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,505