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.
2 permits on record since 2006 · $23.0M total declared value · Most recent: Feb 2026 (commfdrr)
SR Mechanical Inc
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 1105
Zip code 55406
Source: Redfin Data Center (Invalid Date) · Zip 55406
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 96,548 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3413 42ND ST E MINNEAPOLIS MN 55406 | SOO LINE RAILROAD | RAILROAD | $55,000 | 162 ft |
| 3609 43RD ST E MINNEAPOLIS MN 55406 | HIAWATHA FLATS II LLC | APARTMENT | $10,233,000 | 195 ft |
| 4334 SNELLING AVE MINNEAPOLIS MN 55406 | KK-FIVE CORPORATION | VACANT LAND-RESIDENTIAL | $107,000 | 198 ft |
| 4338 SNELLING AVE MINNEAPOLIS MN 55406 | KK-FIVE CORPORATION | RESIDENTIAL | $346,900 | 231 ft |
| 4346 SNELLING AVE MINNEAPOLIS MN 55406 | J N WOODHURST/C S WOODHURST | RESIDENTIAL | $271,000 | 278 ft |
| 4311 HIAWATHA AVE MINNEAPOLIS MN 55406 | SS MAMNOH LLC | INDUSTRIAL-PREFERRED | $4,600,000 | 293 ft |
| 4352 SNELLING AVE MINNEAPOLIS MN 55406 | MNSF T2 SPE LLC | RESIDENTIAL | $234,000 | 318 ft |
| 4356 SNELLING AVE MINNEAPOLIS MN 55406 | MAXWELL J BAKER | RESIDENTIAL | $254,300 | 358 ft |
| 3603 44TH ST E MINNEAPOLIS MN 55406 | NOR STATES POWER CO | LAND - INDUSTRIAL | $7,300 | 366 ft |
| 3701 43RD ST E MINNEAPOLIS MN 55406 | K J L WALRAVEN/W L WALRAVEN | RESIDENTIAL | $310,000 | 371 ft |
Most Recent Sale
Current Tax Year