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.
22 permits on record since 2019 · $92.4M total declared value · Most recent: May 2024 (commfdnr)
Airtech Thermex LLC
KARKELA CONSTRUCTION INC
Commercial Plumbing and Heating Inc
Modern Heating & Air Conditioning LLC
Blaylock Plumbing Co Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Nicollet Island - East Bank · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1036
Zip code 55413
Source: Redfin Data Center (Invalid Date) · Zip 55413
Current Tax Year
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 |
|---|---|---|---|---|
| 100 5TH ST N E MINNEAPOLIS MN 55413 | LAVINA VENTURES LLC | COMMERCIAL-NON PREFERRED | $688,800 | 174 ft |
| 201 4TH ST N E MINNEAPOLIS MN 55413 | GT NORTHERN RY CO | RAILROAD | $0 | 265 ft |
| 1 ADDRESS UNASSIGNED MINNEAPOLIS MN 00000 | BURLINGTON NORTHERN INC | RAILROAD | $946,100 | 265 ft |
| 1 ADDRESS UNASSIGNED MINNEAPOLIS MN 00000 | BURLINGTON NORTHERN INC | RAILROAD | $0 | 265 ft |
| MN | Unknown | — | — | 265 ft |
| 31 4TH ST N E MINNEAPOLIS MN 55413 | GLMC CORP | LAND-COMMERCIAL | $490,100 | 304 ft |
| 501 1ST AVE N E MINNEAPOLIS MN 55413 | BURLAP LOFTS LLC | COMMERCIAL-PREFERRED | $4,620,000 | 326 ft |
| 115 5TH ST N E MINNEAPOLIS MN 55413 | DRS INVESTMENT III LLC | APARTMENT | $2,788,300 | 338 ft |
| 127 5TH ST N E MINNEAPOLIS MN 55413 | WHITNEY A BAUER | CONDOMINIUM | $220,000 | 349 ft |
| 127 5TH ST N E MINNEAPOLIS MN 55413 | DERRICK PITTS ET AL | CONDOMINIUM | $203,000 | 349 ft |