5408 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824210161

Property Overview

Parcel ID2302824210161

Lot Size6,114 sq ft (0.140 ac)

Lot Dimensions (est.)123 ft wide × 50 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerJANIS L ANDERSON

Assessed Value$405,100

Land Value$184,000

Building Value$221,100

Annual Tax$6,106

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

3 permits on record since 2021 · $6K total declared value · Most recent: Jul 2022 (misc)

MiscJul 2022Closed

$6K

JTR Roofing Inc

ResMay 2022Closed

CenterPoint Energy Resource Corp

ExistresJun 2021Closed

Standard Heating and Air Conditioning 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

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~3,289 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 3,289 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
5404 ELLIOT AVE MINNEAPOLIS MN 55417	M ROERING & L DICKINSON	RESIDENTIAL	$549,500	50 ft
5416 ELLIOT AVE MINNEAPOLIS MN 55417	WILLIAM J SENKYR ETAL	RESIDENTIAL	$561,800	53 ft
5400 ELLIOT AVE MINNEAPOLIS MN 55417	T J MENDENHALL/Q MENDENHALL	RESIDENTIAL	$413,800	99 ft
5420 ELLIOT AVE MINNEAPOLIS MN 55417	NILS L HANSEN/MARY C HANSEN	RESIDENTIAL	$560,100	106 ft
5401 CHICAGO AVE MINNEAPOLIS MN 55417	PEARL APARTMENTS MPLS LLC	APARTMENT	$7,941,000	145 ft
5417 CHICAGO AVE MINNEAPOLIS MN 55417	MORGAN C KLUG	RESIDENTIAL-TWO UNIT	$430,000	146 ft
5424 ELLIOT AVE MINNEAPOLIS MN 55417	S & W OSMAN	RESIDENTIAL	$443,500	156 ft
5421 CHICAGO AVE MINNEAPOLIS MN 55417	NOKOMIS PROP RSDNTL LLC	RESIDENTIAL-TWO UNIT	$442,700	174 ft
5409 ELLIOT AVE MINNEAPOLIS MN 55417	JEFF WILSON & EMMA SCHAPER	RESIDENTIAL	$487,100	184 ft
5417 ELLIOT AVE MINNEAPOLIS MN 55417	BRITTANY D LAWONN ET AL	RESIDENTIAL	$434,500	189 ft

Property History

Current Tax Year

Year2026

Tax Due$6,106