5632 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824240081

Property Overview

Parcel ID2302824240081

Lot Size6,018 sq ft (0.138 ac)

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

Year Built1939

Property ClassRESIDENTIAL

OwnerM & P GARDNER REV LIV TRUST

Assessed Value$473,000

Land Value$183,000

Building Value$290,000

Annual Tax$7,523

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

10 permits on record since 2020 · $88K total declared value · Most recent: Jul 2025 (remodel)

RemodelJul 2025Final Inspection

$11K

Five Star Bath Solutions

ResJul 2025Closed

Stewart Plumbing Inc

MiscMay 2025Closed

$4K

Mohler Chimney Repair LLC

MiscApr 2024Closed

$12K

SLIM AND TRIM CONSTRUCTION LLC

ResJan 2023Closed

CenterPoint Energy Resource Corp

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 depth80 ft

Area~3,213 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 3,213 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
5628 ELLIOT AVE MINNEAPOLIS MN 55417	RICHARD KENTON MONTWILL	RESIDENTIAL	$427,600	50 ft
5636 ELLIOT AVE MINNEAPOLIS MN 55417	J SCHACHTER & K BRINKMAN	RESIDENTIAL	$463,900	50 ft
5624 ELLIOT AVE MINNEAPOLIS MN 55417	5624 ELLIOT LLC	RESIDENTIAL	$423,200	100 ft
5640 ELLIOT AVE MINNEAPOLIS MN 55417	WILLIAM BURNS/MELISSA BURNS	RESIDENTIAL	$590,700	100 ft
5620 ELLIOT AVE MINNEAPOLIS MN 55417	MOLLY HOSKIN TRUST	RESIDENTIAL	$380,000	150 ft
5641 CHICAGO AVE MINNEAPOLIS MN 55417	RESTORATION ANGLICAN CHURCH	LAND-COMMERCIAL	$192,200	152 ft
5644 ELLIOT AVE MINNEAPOLIS MN 55417	MARCELA KUIJPERS/DEREK GALAN	RESIDENTIAL	$408,400	154 ft
5645 CHICAGO AVE MINNEAPOLIS MN 55417	RESTORATION ANGLICAN CHURCH	COMMERCIAL-PREFERRED	$0	157 ft
5633 ELLIOT AVE MINNEAPOLIS MN 55417	KEVIN SCHENK & LISA SCHENK	RESIDENTIAL	$580,200	181 ft
5637 ELLIOT AVE MINNEAPOLIS MN 55417	T R MARQUART & P J HILLEMAN	RESIDENTIAL	$434,900	187 ft

Property History

Most Recent Sale

Date198703

Price$82,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,523