33 SUMMIT PL MINNEAPOLIS MN 55403

PID: 2802924420128

Property Overview

Parcel ID2802924420128

Lot Size18,700 sq ft (0.429 ac)

Lot Dimensions (est.)226 ft wide × 83 ft deep

Year Built1989

Property ClassRESIDENTIAL

OwnerNICHOLAS ELLIOTT

Assessed Value$1,029,000

Land Value$413,000

Building Value$616,000

Annual Tax$18,431

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $122K total declared value · Most recent: Mar 2026 (res)

ResMar 2026Final Inspection

Air Mechanical Inc

ExistresMar 2026Final Inspection

Air Mechanical Inc

RemodelFeb 2026Final Inspection

$102K

Custom One Exteriors LLC

RemodelJul 2025Closed

$5K

Integrity Structures

MiscMay 2022Expired

$3K

THE HOME DEPOT

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width59 ft

Buildable depth231 ft

Area~12,842 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 small multifamily (2–4 units, wood frame) benchmarks for 12,842 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
15 SUMMIT PL MINNEAPOLIS MN 55403	L HERON & T HERON	RESIDENTIAL-ZERO LOT LINE	$728,300	77 ft
11 SUMMIT PL MINNEAPOLIS MN 55403	D L FERRY & A H STAEGER	RESIDENTIAL-ZERO LOT LINE	$603,300	99 ft
35 SUMMIT PL MINNEAPOLIS MN 55403	B D QUINN & N J QUINN	RESIDENTIAL	$1,256,000	109 ft
118 GROVELAND TER MINNEAPOLIS MN 55403	P J GODICH & M W GODICH	TOWNHOUSE	$1,073,200	146 ft
132 GROVELAND TER MINNEAPOLIS MN 55403	R MATTESON & D E MATTESON	TOWNHOUSE	$785,400	162 ft
130 GROVELAND TER MINNEAPOLIS MN 55403	LAUREN I MEGER	TOWNHOUSE	$925,600	173 ft
134 GROVELAND TER MINNEAPOLIS MN 55403	KAREN J MURRAY/MARK L MURRAY	TOWNHOUSE	$782,200	178 ft
1300 MOUNT CURVE AVE MINNEAPOLIS MN 55403	ROBERT M LEVINE	RESIDENTIAL	$3,370,000	181 ft
707 KENWOOD PKWY MINNEAPOLIS MN 55403	JANICE E POST-WHITE TRUSTEE	RESIDENTIAL	$978,500	185 ft
116 GROVELAND TER MINNEAPOLIS MN 55403	J MORIOKA & P MORIOKA	TOWNHOUSE	$999,400	190 ft

Property History

Most Recent Sale

Date202307

Price$985,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$18,431