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 2012 · $150K total declared value · Most recent: Nov 2012 (building re-inspection)
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
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 small multifamily (2–4 units, wood frame) benchmarks for 2,820 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 627 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | HALLETT PROPERTIES LLC | APARTMENT | $787,000 | 49 ft |
| 617 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | HALLETT PROPERTIES LLC | APARTMENT | $809,000 | 53 ft |
| 311 7TH AVE S E MINNEAPOLIS MN 55414 | 311 SEVENTH AVENUE LLC | APARTMENT | $577,500 | 93 ft |
| 613 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | HALLETT PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $386,200 | 105 ft |
| 319 7TH AVE S E MINNEAPOLIS MN 55414 | HALLETT PROPERTIES LLC | APARTMENT | $55,100 | 108 ft |
| 319 7TH AVE S E MINNEAPOLIS MN 55414 | 702 FOURTH ST LLC | RESIDENTIAL | $258,500 | 138 ft |
| 605 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | A P BIELAWSKI/J M BIELAWSKI | INDUSTRIAL-PREFERRED | $1,397,000 | 181 ft |
| 701 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SELA INVESTMENTS LTD LLP | LOW INCOME RENTAL | $1,110,000 | 189 ft |
| 622 4TH ST S E MINNEAPOLIS MN 55414 | 622 FOURTH STREET LLC | APARTMENT | $915,000 | 195 ft |
| 612 4TH ST S E MINNEAPOLIS MN 55414 | C A LISKA & H Q RUSSELL | RESIDENTIAL | $428,800 | 214 ft |
Most Recent Sale
Current Tax Year