731 14TH ST E MINNEAPOLIS MN 55404

PID: 2602924320141

Property Overview

Parcel ID2602924320141

Lot Size5,838 sq ft (0.134 ac)

Lot Dimensions (est.)42 ft wide × 138 ft deep

Year Built1913

Property ClassCOMMERCIAL-PREFERRED

OwnerELLIOT PARK ENTERPRISES LLC

Assessed Value$245,700

Land Value$157,300

Building Value$88,400

Annual Tax$13,504

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth99 ft

Area~3,170 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 3-story wood frame (5–12 units) benchmarks for 3,170 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
731 14TH ST E MINNEAPOLIS MN 55404	CHDC ELLIOT LTD PTNRSHP	LOW INCOME RENTAL	$32,000	26 ft
737 14TH ST E MINNEAPOLIS MN 55404	ELLIOT PARK ENTERPRISES LLC	COMMERCIAL-PREFERRED	$215,400	47 ft
727 14TH ST E MINNEAPOLIS MN 55404	CHDC ELLIOT LTD PTNRSHP	LOW INCOME RENTAL	$1,446,300	59 ft
739 14TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL UNIVERSITY	COMMERCIAL-PREFERRED	$0	98 ft
719 14TH ST E MINNEAPOLIS MN 55404	CHDC ELLIOT LTD PTNRSHP	LOW INCOME RENTAL	$391,500	117 ft
730 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL UNIVERSITY	LAND-COMMERCIAL	$0	127 ft
728 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL UNIVERSITY	LAND-COMMERCIAL	$0	128 ft
732 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL UNIVERSITY	LAND-COMMERCIAL	$0	129 ft
726 15TH ST E MINNEAPOLIS MN 55404	NORTH CENTRAL UNIVERSITY	LAND-COMMERCIAL	$0	132 ft
1412 CHICAGO AVE MINNEAPOLIS MN 55404	NORTH CENTRAL UNIVERSITY	LAND-COMMERCIAL	$0	146 ft

Property History

Most Recent Sale

Date200407

Price$625,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$13,504