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.
3 permits on record since 2017 · $5.2M total declared value · Most recent: Aug 2018 (remodel)
THE SAMUEL GROUP
MODERN HEATING AND AIR CONDITIONING INC
CARLSON LAVINE INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1261.02
Zip code 55401
Source: Redfin Data Center (Invalid Date) · Zip 55401
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
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 |
|---|---|---|---|---|
| 247 3RD AVE S MINNEAPOLIS MN 55415 | DRAKE BANK | COMMERCIAL-PREFERRED | $1,828,300 | 308 ft |
| 215 3RD ST S MINNEAPOLIS MN 55401 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 318 ft |
| 217 3RD ST S MINNEAPOLIS MN 55401 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 324 ft |
| 309 2ND AVE S MINNEAPOLIS MN 55401 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 327 ft |
| 121 WASHINGTON AVE S MINNEAPOLIS MN 55401 | JAY FRIBERG | CONDOMINIUM | $158,000 | 328 ft |
| 121 WASHINGTON AVE S MINNEAPOLIS MN 55401 | CLAIRE L FORREST | CONDOMINIUM | $158,000 | 328 ft |
| 121 WASHINGTON AVE S MINNEAPOLIS MN 55401 | D L & D W JT LIVING TRUST | CONDOMINIUM | $151,000 | 328 ft |
| 121 WASHINGTON AVE S MINNEAPOLIS MN 55401 | DARIO SANCHEZ GONZALEZ | CONDOMINIUM | $180,000 | 328 ft |
| 121 WASHINGTON AVE S MINNEAPOLIS MN 55401 | DESTA KETEMA | CONDOMINIUM | $165,000 | 328 ft |
| 121 WASHINGTON AVE S MINNEAPOLIS MN 55401 | L A DEUTSCH & J P WEPPLO | CONDOMINIUM | $250,000 | 328 ft |