1400 ELLIOT AVE MINNEAPOLIS MN 55404

PID: 2602924310149

Property Overview

Parcel ID2602924310149

Lot Size45,620 sq ft (1.047 ac)

Lot Dimensions (est.)181 ft wide × 251 ft deep

Year Built1973

Property ClassCOMMERCIAL-PREFERRED

OwnerNORTH CENTRAL UNIVERSITY

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$1,077

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

Elliot Park · Minneapolis

Median reported rent965/mo

Renter-occupied70.9%

Median home value$419K

Vacancy rate9.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1054

Market Snapshot

Zip code 55404

Median sale price$306K+16.4% YoY

Median price / sqft$167/sqft

Median days to close92 days

Active listings57

Source: Redfin Data Center (Invalid Date) · Zip 55404

Zoning

RM3Residence and Institutional

Residential Mixed-Use 3 — higher-density mixed residential

Typical Uses

·High-density apartments
·Mixed-use buildings
·Ground-floor retail

Max Height95 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.)15 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width161 ft

Buildable depth211 ft

Area~32,722 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1405 CHICAGO AVE MINNEAPOLIS MN 55404	NORTH CENTRAL UNIVERSITY	COMMERCIAL-PREFERRED	$0	173 ft
1500 ELLIOT AVE MINNEAPOLIS MN 55404	AMERICAN INDIAN ELDER HOUSNG	APARTMENT	$0	224 ft
1400 10TH AVE S MINNEAPOLIS MN 55404	NORTH CENTRAL BIBLE COLLEGE	COMMERCIAL-PREFERRED	$0	257 ft
809 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL BIBLE COLLEGE	LAND-COMMERCIAL	$0	261 ft
916 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL BIBLE COLLEGE	APARTMENT	$0	263 ft
901 15TH ST E MINNEAPOLIS MN 55404	NIMCO LTD	APARTMENT	$950,000	267 ft
1508 ELLIOT AVE MINNEAPOLIS MN 55404	HOMES BY WITT LLC	RESIDENTIAL-TWO UNIT	$551,000	287 ft
807 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL BIBLE COLLEGE	LAND-COMMERCIAL	$0	289 ft
907 15TH ST E MINNEAPOLIS MN 55404	ELLIOT PARK PROPERTIES LLC	APARTMENT	$731,700	295 ft
801 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL BIBLE COLLEGE	APARTMENT	$0	323 ft

Property History

Current Tax Year

Year2026

Tax Due$1,077