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.
No permits found in Minneapolis open data for this parcel.
Sheridan · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 24
Zip code 55413
Source: Redfin Data Center (Invalid Date) · Zip 55413
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 6,997 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1525 3RD ST N E MINNEAPOLIS MN 55413 | PAUL D FRANCIS JR ET AL | RESIDENTIAL | $393,000 | 66 ft |
| 1517 3RD ST N E MINNEAPOLIS MN 55413 | C P DYKSTRA & L J SMITH | RESIDENTIAL | $597,000 | 66 ft |
| 1507 3RD ST N E MINNEAPOLIS MN 55413 | BARBARA J KNOX SUBJ/L E | RESIDENTIAL-TWO UNIT | $512,600 | 132 ft |
| 1518 UNIVERSITY AVE N E MINNEAPOLIS MN 55413 | ROBERTA L KAHLE | RESIDENTIAL | $236,500 | 165 ft |
| 1516 UNIVERSITY AVE N E MINNEAPOLIS MN 55413 | ALEXANDER P HOOVER | RESIDENTIAL-TWO UNIT | $351,700 | 172 ft |
| 1528 UNIVERSITY AVE N E MINNEAPOLIS MN 55413 | M L SHAW & C S SHAW PTNRSHP | COMMERCIAL-PREFERRED | $545,000 | 177 ft |
| 1512 UNIVERSITY AVE N E MINNEAPOLIS MN 55413 | MICHAEL J SCHRAM | RESIDENTIAL | $217,000 | 184 ft |
| 1601 3RD ST N E MINNEAPOLIS MN 55413 | ERIC DANIEL ANDERSON | RESIDENTIAL | $366,100 | 193 ft |
| 1530 3RD ST N E MINNEAPOLIS MN 55413 | ALLEN J HOFFER | RESIDENTIAL-TWO UNIT | $337,700 | 195 ft |
| 1510 UNIVERSITY AVE N E MINNEAPOLIS MN 55413 | T MICHIEKA & A MICHIEKA | RESIDENTIAL | $216,400 | 204 ft |
Most Recent Sale
Current Tax Year