5604 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824240074

Property Overview

Parcel ID2302824240074

Lot Size6,039 sq ft (0.139 ac)

Lot Dimensions (est.)121 ft wide × 50 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerTIMOTHY ALAN ANDERSON

Assessed Value$375,000

Land Value$184,000

Building Value$191,000

Annual Tax$5,889

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 2019 · Most recent: Feb 2023 (res)

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ResNov 2019Closed

Warners Stellian Co Inc

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

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 depth81 ft

Area~3,229 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 3,229 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5600 ELLIOT AVE MINNEAPOLIS MN 55417	JAMES SPENCER	RESIDENTIAL	$533,200	50 ft
5608 ELLIOT AVE MINNEAPOLIS MN 55417	ABBY CONOVER	RESIDENTIAL	$477,000	50 ft
5612 ELLIOT AVE MINNEAPOLIS MN 55417	E VAN MECHELEN/E LUDEWIG	RESIDENTIAL	$490,000	100 ft
5603 CHICAGO AVE MINNEAPOLIS MN 55417	5601 CHICAGO AVE LLC	COMMERCIAL-NON PREFERRED	$871,900	136 ft
5609 CHICAGO AVE MINNEAPOLIS MN 55417	CHICAGO AVENUE INVESTMT LLC	COMMERCIAL-PREFERRED	$490,000	144 ft
5616 ELLIOT AVE MINNEAPOLIS MN 55417	KATHERINE DELORES PHILLIPS	RESIDENTIAL	$329,000	150 ft
5544 ELLIOT AVE MINNEAPOLIS MN 55417	JANE K FRYMIRE TRUST	RESIDENTIAL-TWO UNIT	$517,300	164 ft
5605 ELLIOT AVE MINNEAPOLIS MN 55417	DALE R HENN & MARIE B HENN	RESIDENTIAL	$492,500	182 ft
5609 ELLIOT AVE MINNEAPOLIS MN 55417	ANDREW J & JENNIFER A SHEA	RESIDENTIAL	$552,000	188 ft
5601 ELLIOT AVE MINNEAPOLIS MN 55417	P PAPPANO & K PAPPANO	RESIDENTIAL	$497,000	190 ft

Property History

Current Tax Year

Year2026

Tax Due$5,889