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 ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗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.
1 permit on record since 2006 · $402K total declared value · Most recent: Apr 2006 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Elliot Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 59.01
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 3 — higher-density mixed residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 4,195 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1516 10TH AVE S MINNEAPOLIS MN 55404 | KOK-KONG LEE | APARTMENT | $400,500 | 50 ft |
| 1508 10TH AVE S MINNEAPOLIS MN 55404 | THOMAS J REID | APARTMENT | $510,300 | 50 ft |
| 1520 10TH AVE S MINNEAPOLIS MN 55404 | KATHLEEN E SCHULER TRUST | RESIDENTIAL-TWO UNIT | $568,300 | 100 ft |
| 1500 10TH AVE S MINNEAPOLIS MN 55404 | SERNEE LLC | APARTMENT | $1,240,000 | 113 ft |
| 1513 ELLIOT AVE MINNEAPOLIS MN 55404 | MILLIE S SCHAFER | RESIDENTIAL-TWO UNIT | $542,200 | 145 ft |
| 911 15TH ST E MINNEAPOLIS MN 55404 | ELLIOT PARK PLACE LLC | APARTMENT | $493,200 | 148 ft |
| 1517 ELLIOT AVE MINNEAPOLIS MN 55404 | SAMUEL WANTA | RESIDENTIAL | $299,000 | 150 ft |
| 1600 10TH AVE S MINNEAPOLIS MN 55404 | GABRIELLE RILEY | RESIDENTIAL-TWO UNIT | $460,000 | 150 ft |
| 1509 ELLIOT AVE MINNEAPOLIS MN 55404 | ELLIOT HOUSE LLC | TRIPLEX | $437,000 | 153 ft |
| 1519 ELLIOT AVE MINNEAPOLIS MN 55404 | K J SMITH & S D SMITH | RESIDENTIAL-TWO UNIT | $366,500 | 161 ft |
Most Recent Sale
Current Tax Year