On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2014 · $3.9M total declared value · Most recent: Mar 2014 (binb)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Marcy Holmes · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 38.01
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Residential Mixed-Use 1 — low-density mixed 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 6,450 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 624 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | THOMAS PLACE ON CAMPUS LLC | APARTMENT | $2,232,000 | 66 ft |
| 612 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | THE 612 LLC | APARTMENT | $1,159,000 | 138 ft |
| 700 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SELA INVESTMENTS LLP | LOW INCOME RENTAL | $2,769,000 | 154 ft |
| 629 2ND ST S E MINNEAPOLIS MN 55414 | METAL MATIC LLC | COMMERCIAL-NON PREFERRED | $1,244,500 | 169 ft |
| 627 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | HALLETT PROPERTIES LLC | APARTMENT | $787,000 | 218 ft |
| 623 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | HALLETT PROPERTIES LLC | APARTMENT | $809,000 | 222 ft |
| 600 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | RIVERTON COMMUNITY HOUSING | APARTMENT | $4,910,000 | 237 ft |
| 708 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SELA INVESTMENTS LTD LLP | APARTMENT | $2,277,000 | 237 ft |
| 617 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | HALLETT PROPERTIES LLC | APARTMENT | $809,000 | 237 ft |
| 212 7TH AVE S E MINNEAPOLIS MN 55414 | METAL MATIC INC | COMMERCIAL-PREFERRED | $895,000 | 249 ft |
Most Recent Sale
Current Tax Year