Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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 ↗Signals are based on public datasets; program eligibility requires verification.
21 permits on record since 2003 · $1.1M total declared value · Most recent: May 2026 (roofwind)
CENTIMARK
Centraire Heating & Air Conditioning LLC
Centraire Heating & Air Conditioning LLC
Daikin Applied Americas Inc
SIGNATURE MECHANICAL INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
North Loop · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1262.02
Zip code 55401
Source: Redfin Data Center (Invalid Date) · Zip 55401
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 106,557 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 433 RIVER ST MINNEAPOLIS MN 55401 | MATTHEW RUNDE & HOLLY RUNDE | TOWNHOUSE | $1,219,800 | 170 ft |
| 501 RIVER ST MINNEAPOLIS MN 55401 | BHAVIK KATIRA/KRISHNA KATIRA | TOWNHOUSE | $984,400 | 185 ft |
| 431 RIVER ST MINNEAPOLIS MN 55401 | A PATEL & R PATEL | TOWNHOUSE | $930,000 | 201 ft |
| 503 RIVER ST MINNEAPOLIS MN 55401 | J JULKOWSKI & K RIEDER | TOWNHOUSE | $1,017,600 | 211 ft |
| 429 RIVER ST MINNEAPOLIS MN 55401 | GERALD W TIMM & SUSAN E TIMM | TOWNHOUSE | $1,017,600 | 230 ft |
| 505 RIVER ST MINNEAPOLIS MN 55401 | W DEBERG & S EHLEN | TOWNHOUSE | $1,017,600 | 235 ft |
| 428 1ST ST N MINNEAPOLIS MN 55401 | TRELLIS CREAMETTE ACQ LLC | APARTMENT | $15,560,000 | 239 ft |
| 418 RIVER ST MINNEAPOLIS MN 55401 | LANDINGS HOMEOWNERS ASSOC | COMMON AREA | $0 | 243 ft |
| 408 1ST ST N MINNEAPOLIS MN 55401 | ANNA M BURNS | CONDO GARAGE/MISCELLANEOUS | $27,000 | 256 ft |
| 408 1ST ST N MINNEAPOLIS MN 55401 | J HENNINGSEN & C HENNINGSEN | CONDO GARAGE/MISCELLANEOUS | $27,000 | 256 ft |
Most Recent Sale
Current Tax Year