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 2018 · $7K total declared value · Most recent: Jan 2020 (roofwind)
JOHN JACOBSON
CENTERPOINT ENERGY
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 2,176 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1522 3RD ST N E MINNEAPOLIS MN 55413 | C G PETERSEN & M M PETERSEN | RESIDENTIAL-TWO UNIT | $557,000 | 75 ft |
| 1530 3RD ST N E MINNEAPOLIS MN 55413 | ALLEN J HOFFER | RESIDENTIAL-TWO UNIT | $337,700 | 82 ft |
| 210 16TH AVE N E MINNEAPOLIS MN 55413 | JAMES HAYDEN SODERBERG | RESIDENTIAL | $292,700 | 84 ft |
| 1600 3RD ST N E MINNEAPOLIS MN 55413 | NATHAN HANGSLEBEN ET AL | RESIDENTIAL-TWO UNIT | $443,800 | 135 ft |
| 1516 3RD ST N E MINNEAPOLIS MN 55413 | B JOHNSON & D JOHNSON | RESIDENTIAL-TWO UNIT | $452,800 | 137 ft |
| 219 16TH AVE N E MINNEAPOLIS MN 55413 | C E SMITH & G D SMITH | RESIDENTIAL-TWO UNIT | $371,400 | 147 ft |
| 1519 2ND ST N E MINNEAPOLIS MN 55413 | HERMAN CAPITAL PTNRS II LLC | RESIDENTIAL | $240,000 | 153 ft |
| 1527 2ND ST N E MINNEAPOLIS MN 55413 | BRUCE J MCGUIRE | RESIDENTIAL | $323,200 | 165 ft |
| 1529 2ND ST N E MINNEAPOLIS MN 55413 | ANNETTE TOUSLEY | RESIDENTIAL | $271,900 | 171 ft |
| 1517 2ND ST N E MINNEAPOLIS MN 55413 | AMY C STERNBERG | RESIDENTIAL-TWO UNIT | $370,100 | 173 ft |
Most Recent Sale
Current Tax Year