Owned by City of Minneapolis — surplus sales, redevelopment programs, or land trust transfers may apply.
Hennepin County parcel ownership data ↗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 ↗Minneapolis Homes sells city-owned lots for homeownership and affordable housing; eligibility depends on property status and program cycle.
Minneapolis — City Property Sales ↗Hennepin County disposes of public parcels through its surplus property program; contact Real Estate Services for current listings.
Hennepin County — Surplus Property Sales ↗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.
No permits found in Minneapolis open data for this parcel.
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 501 15TH ST E MINNEAPOLIS MN 55404 | MADISON RENEWAL LLC | LOW INCOME RENTAL | $4,900,000 | 163 ft |
| 1601 5TH AVE S MINNEAPOLIS MN 55404 | CITY OF MPLS PK BOARD | COMMERCIAL-PREFERRED | $0 | 183 ft |
| 600 16TH ST E MINNEAPOLIS MN 55404 | J R HIRST & L M GASPARDO | RESIDENTIAL-TWO UNIT | $363,000 | 205 ft |
| 1601 PORTLAND AVE MINNEAPOLIS MN 55404 | SOVEREIGN INVESTMENTS INC | APARTMENT | $485,100 | 221 ft |
| 1519 PORTLAND AVE MINNEAPOLIS MN 55404 | GREEN ROCK ASSETS LLC | RESIDENTIAL | $353,000 | 235 ft |
| 1605 PORTLAND AVE MINNEAPOLIS MN 55404 | GLEN M JOHNSON | CONDOMINIUM | $127,000 | 243 ft |
| 1605 PORTLAND AVE MINNEAPOLIS MN 55404 | LEROY ELLSWORTH SMITH | CONDOMINIUM | $133,000 | 243 ft |
| 1605 PORTLAND AVE MINNEAPOLIS MN 55404 | BENJAMIN VANDENBELT | CONDOMINIUM | $128,000 | 243 ft |
| 1605 PORTLAND AVE MINNEAPOLIS MN 55404 | EPSTEIN ENTERPRISES LLC | CONDOMINIUM | $128,000 | 243 ft |
| MN | Unknown | — | — | 243 ft |
Most Recent Sale
Current Tax Year