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 2023 · Most recent: May 2025 (res)
BKMC
BKMC
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 3 — medium-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 1,828 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1116 2ND ST N E MINNEAPOLIS MN 55413 | SHIV NATH TANDON | RESIDENTIAL | $405,600 | 41 ft |
| 1124 2ND ST N E MINNEAPOLIS MN 55413 | SHIV NATH TANDON | APARTMENT | $548,000 | 62 ft |
| 154 12TH AVE N E MINNEAPOLIS MN 55413 | NORDEAST BIRD SEN LLC ET AL | TRIPLEX | $508,500 | 89 ft |
| 1108 2ND ST N E MINNEAPOLIS MN 55413 | CRESCENT TRACE MARKETPLACE | LAND-COMMERCIAL | $10,000 | 107 ft |
| 148 12TH AVE N E MINNEAPOLIS MN 55413 | JOAH E COLBY-MILBRATH | RESIDENTIAL | $342,900 | 134 ft |
| 1115 MAIN ST N E MINNEAPOLIS MN 55413 | MWH 17 LLC | APARTMENT | $1,163,000 | 169 ft |
| 1101 MAIN ST N E MINNEAPOLIS MN 55413 | PARK AVE LLC | COMMERCIAL-PREFERRED | $1,610,000 | 187 ft |
| 1101 MAIN ST N E MINNEAPOLIS MN 55413 | 1101 MAIN LLC | CONDO GARAGE/MISCELLANEOUS | $9,400 | 204 ft |
| 1101 MAIN ST N E MINNEAPOLIS MN 55413 | 1101 MAIN LLC | CONDO GARAGE/MISCELLANEOUS | $9,400 | 204 ft |
| 1101 MAIN ST N E MINNEAPOLIS MN 55413 | 1101 MAIN LLC | CONDO GARAGE/MISCELLANEOUS | $9,400 | 204 ft |
Most Recent Sale
Current Tax Year