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 ↗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 ↗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.
9 permits on record since 2018 · $1.5M total declared value · Most recent: Jun 2019 (remodel)
LIFE SERVICES DEVELOPMENT LLC
LIBERTY PLUMBING CO LLC
LIBERTY PLUMBING CO LLC
LIBERTY PLUMBING CO LLC
LACY MECHANICAL LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Hiawatha · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1104
Zip code 55406
Source: Redfin Data Center (Invalid Date) · Zip 55406
Urban Neighborhood 3 — medium-density 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 |
|---|---|---|---|---|
| 4152 CHEATHAM AVE MINNEAPOLIS MN 55406 | CATHOLIC CHARITIES | VACANT LAND-APARTMENT | $0 | 59 ft |
| 3400 42ND ST E MINNEAPOLIS MN 55406 | 42ND ST SECOND ADDITION LLC | INDUSTRIAL-PREFERRED | $1,130,000 | 81 ft |
| 4134 CHEATHAM AVE MINNEAPOLIS MN 55406 | CRAIG LESLIE | RESIDENTIAL | $213,300 | 83 ft |
| 4136 CHEATHAM AVE MINNEAPOLIS MN 55406 | CATHOLIC CHARITIES | VACANT LAND-APARTMENT | $0 | 96 ft |
| 4130 CHEATHAM AVE MINNEAPOLIS MN 55406 | LELAND MOEY | RESIDENTIAL | $325,200 | 111 ft |
| 3340 42ND ST E MINNEAPOLIS MN 55406 | SOO LINE RR | LAND - INDUSTRIAL | $40,300 | 131 ft |
| 3410 42ND ST E MINNEAPOLIS MN 55406 | KENNETH D MCCRALEY | COMMERCIAL-PREFERRED | $606,000 | 137 ft |
| 4124 CHEATHAM AVE MINNEAPOLIS MN 55406 | ADAM MACKIE & ANDREA MACKIE | RESIDENTIAL | $249,400 | 155 ft |
| 4150 CHEATHAM AVE MINNEAPOLIS MN 55406 | C FITZGERALD & SAMUEL KUNDE | CONDOMINIUM | $386,000 | 191 ft |
| 4150 CHEATHAM AVE MINNEAPOLIS MN 55406 | SUZANNE ARREDONDO | CONDOMINIUM | $353,000 | 191 ft |
Current Tax Year