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.
5 permits on record since 2021 · Most recent: Apr 2026 (commercial minor)
Warners Stellian Co Inc
Warners Stellian Co Inc
Warners Stellian Co Inc
Warners Stellian Co Inc
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1099
Zip code 55409
Source: Redfin Data Center (Invalid Date) · Zip 55409
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3930 1ST AVE S MINNEAPOLIS MN 55409 | BRENNA SALINE | RESIDENTIAL-TWO UNIT | $451,700 | 60 ft |
| 3942 1ST AVE S MINNEAPOLIS MN 55409 | BRADLEY D BOURN | RESIDENTIAL-TWO UNIT | $348,300 | 60 ft |
| 3928 1ST AVE S MINNEAPOLIS MN 55409 | NATHAN KENNER | RESIDENTIAL-TWO UNIT | $462,200 | 100 ft |
| 3948 1ST AVE S MINNEAPOLIS MN 55409 | JULIA ARANA | CONDOMINIUM | $206,000 | 120 ft |
| 3948 1ST AVE S MINNEAPOLIS MN 55409 | ALEX F PAPP | CONDOMINIUM | $193,000 | 120 ft |
| 3948 1ST AVE S MINNEAPOLIS MN 55409 | JENNA ROCCO | CONDOMINIUM | $184,000 | 120 ft |
| 3948 1ST AVE S MINNEAPOLIS MN 55409 | ARIEL LOPEZ | CONDOMINIUM | $184,000 | 120 ft |
| 3948 1ST AVE S MINNEAPOLIS MN 55409 | MARK GROSSHANS | CONDOMINIUM | $209,000 | 120 ft |
| 3948 1ST AVE S MINNEAPOLIS MN 55409 | BERNADETTE MCCAFFRAY | CONDOMINIUM | $207,000 | 120 ft |
| 3948 1ST AVE S MINNEAPOLIS MN 55409 | MARCUS J MICHALIK | CONDOMINIUM | $199,000 | 120 ft |