5845 ELLIOT AVE MINNEAPOLIS MN 55417

PID: 2302824310037

Property Overview

Parcel ID2302824310037

Lot Size6,126 sq ft (0.141 ac)

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

Year Built1941

Property ClassRESIDENTIAL

OwnerM & E OSTREM

Assessed Value$353,600

Land Value$140,000

Building Value$213,600

Annual Tax$5,248

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 2022 · $21K total declared value · Most recent: Mar 2025 (existres)

ExistresMar 2025Closed

Standard Heating and Air Conditioning Inc

MiscJan 2022Closed

$21K

RENEWAL BY ANDERSEN 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth10 ft

Area~3,051 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 sfr / adu benchmarks for 3,051 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5841 ELLIOT AVE MINNEAPOLIS MN 55417	P G KRAUSE/L A KRAUSE REV TR	RESIDENTIAL	$459,600	50 ft
5837 ELLIOT AVE MINNEAPOLIS MN 55417	R MAURIZIO & L MAURIZIO	RESIDENTIAL	$355,700	100 ft
5901 ELLIOT AVE MINNEAPOLIS MN 55417	J W HANNAN & M P HANNAN	RESIDENTIAL	$283,600	110 ft
5844 10TH AVE S MINNEAPOLIS MN 55417	TERENCE J KINTOP TRUST ET AL	RESIDENTIAL	$526,400	139 ft
5833 ELLIOT AVE MINNEAPOLIS MN 55417	PAUL R BONSTROM	RESIDENTIAL	$356,400	151 ft
5905 ELLIOT AVE MINNEAPOLIS MN 55417	P B VADER & H A VADER	RESIDENTIAL	$359,200	160 ft
5836 10TH AVE S MINNEAPOLIS MN 55417	NANCY MCCLINTICK	RESIDENTIAL	$333,400	171 ft
5900 10TH AVE S MINNEAPOLIS MN 55417	JAMES GUIDO ROSATI	RESIDENTIAL	$409,700	171 ft
5844 ELLIOT AVE MINNEAPOLIS MN 55417	E TORRES & J TORRES-GARZA	RESIDENTIAL	$422,300	180 ft
5840 ELLIOT AVE MINNEAPOLIS MN 55417	JUSTIN CHRISTOPHER WHITE	RESIDENTIAL	$352,200	186 ft

Property History

Current Tax Year

Year2026

Tax Due$5,248