5636 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824240082

Property Overview

Parcel ID2302824240082

Lot Size6,015 sq ft (0.138 ac)

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

Year Built1939

Property ClassRESIDENTIAL

OwnerJ SCHACHTER & K BRINKMAN

Assessed Value$463,900

Land Value$183,000

Building Value$280,900

Annual Tax$7,154

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 2018 · $10K total declared value · Most recent: Feb 2023 (res)

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ExistresJun 2018Closed

AMERICAN AIR SUPPLY INC

RemodelJun 2018Closed

$10K

REFABED HOME LLC

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~3,210 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 3,210 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
5632 ELLIOT AVE MINNEAPOLIS MN 55417	M & P GARDNER REV LIV TRUST	RESIDENTIAL	$473,000	50 ft
5640 ELLIOT AVE MINNEAPOLIS MN 55417	WILLIAM BURNS/MELISSA BURNS	RESIDENTIAL	$590,700	50 ft
5628 ELLIOT AVE MINNEAPOLIS MN 55417	RICHARD KENTON MONTWILL	RESIDENTIAL	$427,600	100 ft
5644 ELLIOT AVE MINNEAPOLIS MN 55417	MARCELA KUIJPERS/DEREK GALAN	RESIDENTIAL	$408,400	104 ft
5645 CHICAGO AVE MINNEAPOLIS MN 55417	RESTORATION ANGLICAN CHURCH	COMMERCIAL-PREFERRED	$0	138 ft
5624 ELLIOT AVE MINNEAPOLIS MN 55417	5624 ELLIOT LLC	RESIDENTIAL	$423,200	150 ft
5637 ELLIOT AVE MINNEAPOLIS MN 55417	T R MARQUART & P J HILLEMAN	RESIDENTIAL	$434,900	181 ft
5641 CHICAGO AVE MINNEAPOLIS MN 55417	RESTORATION ANGLICAN CHURCH	LAND-COMMERCIAL	$192,200	182 ft
5641 ELLIOT AVE MINNEAPOLIS MN 55417	P N SURDO & E M SURDO	RESIDENTIAL	$474,100	187 ft
5633 ELLIOT AVE MINNEAPOLIS MN 55417	KEVIN SCHENK & LISA SCHENK	RESIDENTIAL	$580,200	189 ft

Property History

Most Recent Sale

Date202410

Price$520,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,154