5720 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824240098

Property Overview

Parcel ID2302824240098

Lot Size5,988 sq ft (0.137 ac)

Lot Dimensions (est.)120 ft wide × 50 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerNOKOMIS PROP RESIDENTIAL LLC

Assessed Value$326,000

Land Value$186,000

Building Value$140,000

Annual Tax$5,027

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

No permits found in Minneapolis open data for this parcel.

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~3,188 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 3,188 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
5716 ELLIOT AVE MINNEAPOLIS MN 55417	JENNIFER R SMITH-KRISTENSEN	RESIDENTIAL	$459,000	50 ft
5724 ELLIOT AVE MINNEAPOLIS MN 55417	RICHARD E HENRIKSEN	RESIDENTIAL	$394,100	50 ft
5712 ELLIOT AVE MINNEAPOLIS MN 55417	RICHARD E HENRIKSEN	RESIDENTIAL	$601,000	100 ft
5728 ELLIOT AVE MINNEAPOLIS MN 55417	WOOD LIVING TRUST	RESIDENTIAL	$414,500	100 ft
5721 CHICAGO AVE MINNEAPOLIS MN 55417	DALE AUSTIN	RESIDENTIAL-TWO UNIT	$496,000	133 ft
5717 CHICAGO AVE MINNEAPOLIS MN 55417	DAVID E COLEMAN	RESIDENTIAL-TWO UNIT	$493,800	142 ft
5725 CHICAGO AVE MINNEAPOLIS MN 55417	SANDY JACKSON	RESIDENTIAL	$373,600	143 ft
5708 ELLIOT AVE MINNEAPOLIS MN 55417	S ANDERSON & G ANDERSON	RESIDENTIAL	$532,400	150 ft
5732 ELLIOT AVE MINNEAPOLIS MN 55417	MARK J POTHEN/ERICA Y POTHEN	RESIDENTIAL	$583,000	150 ft
5713 CHICAGO AVE MINNEAPOLIS MN 55417	CHRISTOPHER O TURPEN	RESIDENTIAL-TWO UNIT	$480,700	165 ft

Property History

Most Recent Sale

Date202401

Price$415,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,027