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.
6 permits on record since 2023 · $191K total declared value · Most recent: Sep 2025 (remodel)
Flameback Builders LLC
BKMC
MESPO HEATING AND COOLING INC
Flameback Builders LLC
EarlyBird Electric
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Regina · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1109
Zip code 55409
Source: Redfin Data Center (Invalid Date) · Zip 55409
Urban Neighborhood 2 — moderate-density residential
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 small multifamily (2–4 units, wood frame) benchmarks for 2,738 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4326 5TH AVE S MINNEAPOLIS MN 55409 | SCHOBER PROPERTIES LLC | RESIDENTIAL | $208,000 | 40 ft |
| 4334 5TH AVE S MINNEAPOLIS MN 55409 | J DECKENBACH & S SWENSON | RESIDENTIAL | $372,400 | 40 ft |
| 4322 5TH AVE S MINNEAPOLIS MN 55409 | ANGELA A DUFRESNE | RESIDENTIAL | $263,700 | 80 ft |
| 4338 5TH AVE S MINNEAPOLIS MN 55409 | ERIN A MOELLER | RESIDENTIAL | $280,000 | 80 ft |
| 4318 5TH AVE S MINNEAPOLIS MN 55409 | B PETERSON & G FIGUEROA | RESIDENTIAL | $323,100 | 120 ft |
| 4342 5TH AVE S MINNEAPOLIS MN 55409 | KEVIN KNASE | RESIDENTIAL | $287,900 | 120 ft |
| 4331 4TH AVE S MINNEAPOLIS MN 55409 | FRANCISCA PALMA PASS | RESIDENTIAL | $404,200 | 143 ft |
| 4327 4TH AVE S MINNEAPOLIS MN 55409 | ERIN SMITH & JEFFERY NEWTON | RESIDENTIAL | $300,800 | 148 ft |
| 4335 4TH AVE S MINNEAPOLIS MN 55409 | JACOB JAY HANSON | RESIDENTIAL | $374,000 | 149 ft |
| 4314 5TH AVE S MINNEAPOLIS MN 55409 | AMY C MCGUIRE | RESIDENTIAL | $246,800 | 160 ft |
Most Recent Sale
Current Tax Year