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.
1 permit on record since 2006 · $150K total declared value · Most recent: Aug 2006 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Elliot Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1054
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 3 — higher-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 3-story wood frame (5–12 units) benchmarks for 4,298 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1425 PORTLAND AVE MINNEAPOLIS MN 55404 | CHDC SLATER LLC | APARTMENT | $2,079,100 | 60 ft |
| 610 15TH ST E MINNEAPOLIS MN 55404 | ELLIOT PARK COMMONS LLC | LOW INCOME RENTAL | $2,109,600 | 60 ft |
| 614 15TH ST E MINNEAPOLIS MN 55404 | MN 1400 PARK CHURCH LLC | VACANT LAND-APARTMENT | $245,000 | 124 ft |
| 601 14TH ST E MINNEAPOLIS MN 55404 | AEON PRESERVATION LP | LOW INCOME RENTAL | $6,157,800 | 126 ft |
| 625 14TH ST E MINNEAPOLIS MN 55404 | AEON PRESERVATION LP | LOW INCOME RENTAL | $171,500 | 184 ft |
| 607 15TH ST E MINNEAPOLIS MN 55404 | B T BEYENE & N ALTAYE | VACANT LAND-APARTMENT | $118,400 | 198 ft |
| 1501 PORTLAND AVE MINNEAPOLIS MN 55404 | HOWEY PROPERTIES LLC | APARTMENT | $5,642,000 | 202 ft |
| 609 15TH ST E MINNEAPOLIS MN 55404 | DALE M HOWEY | VACANT LAND-APARTMENT | $117,500 | 214 ft |
| 619 15TH ST E MINNEAPOLIS MN 55404 | C MALIBAGO & K HINZE | RESIDENTIAL-TWO UNIT | $352,300 | 235 ft |
| 1416 PORTLAND AVE MINNEAPOLIS MN 55404 | CHDC SLATER LLC | APARTMENT | $2,759,000 | 260 ft |
Most Recent Sale
Current Tax Year