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.
1 permit on record since 2025 · Most recent: Feb 2025 (commercial minor)
Harty Mechanical Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minnehaha · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 119.98
Zip code 55417
Source: Redfin Data Center (Invalid Date) · Zip 55417
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3-story wood frame (5–12 units) benchmarks for 30,899 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 5331 48TH AVE S MINNEAPOLIS MN 55417 | OAKS ML LLC | VACANT LAND-APARTMENT | $11,300 | 135 ft |
| 5333 48TH AVE S MINNEAPOLIS MN 55417 | MARK IRIS | RESIDENTIAL | $248,000 | 157 ft |
| 5337 48TH AVE S MINNEAPOLIS MN 55417 | DEBRA PIKE | RESIDENTIAL | $339,200 | 193 ft |
| 5329 MINNEHAHA AVE MINNEAPOLIS MN 55417 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 195 ft |
| 5325 MINNEHAHA AVE MINNEAPOLIS MN 55417 | JEFFREY BRYCE HALEY | RESIDENTIAL | $264,000 | 197 ft |
| 5333 MINNEHAHA AVE MINNEAPOLIS MN 55417 | RAZA NEHAL NAJMUDDIN ET AL | RESIDENTIAL-TWO UNIT | $246,300 | 206 ft |
| 5342 MINNEHAHA AVE MINNEAPOLIS MN 55417 | MILEN CORP | LAND-COMMERCIAL | $81,900 | 206 ft |
| 5324 48TH AVE S MINNEAPOLIS MN 55417 | JENNIFER LOVING | RESIDENTIAL | $212,300 | 212 ft |
| 5328 48TH AVE S MINNEAPOLIS MN 55417 | K A BAKKEN & Q A H BAKKEN | RESIDENTIAL | $329,100 | 214 ft |
| 5319 MINNEHAHA AVE MINNEAPOLIS MN 55417 | YELLOW HOUSE ON MINAVE TRUST | RESIDENTIAL | $264,000 | 215 ft |
Current Tax Year