Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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.
11 permits on record since 2019 · $30.2M total declared value · Most recent: Nov 2025 (commaj)
Jayhawk Mechanical Inc
BROTHERS MFG
Jayhawk Mechanical Inc
Absolute Mechanical LLC
FM Group 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 1262.01
Zip code 55401
Source: Redfin Data Center (Invalid Date) · Zip 55401
Downtown Center 1 — urban core district
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 707 3RD ST N MINNEAPOLIS MN 55401 | JULIUS D DEROMA | COMMERCIAL-PREFERRED | $1,597,000 | 165 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | DANE HEGLAND | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | C N LINDEN & J L PETERSON | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | KENT E JENSEN | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | TIMOTHY J NELSON | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | E BOGDANOV & A E BOGDANOV | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | TIMOTHY J NELSON | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | AMWI LLC | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | GREGORY A WEBER | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
| 720 4TH ST N MINNEAPOLIS MN 55401 | MOLLY MALLOCH | CONDO GARAGE/MISCELLANEOUS | $15,500 | 172 ft |
Most Recent Sale
Current Tax Year