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 ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗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.
2 permits on record since 2010 · $102K total declared value · Most recent: Feb 2024 (roofwind)
(Solar Work) Apadana LLC
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 59.01
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 3 — higher-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 5-over-1 podium (12–50 units) benchmarks for 12,025 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 607 15TH ST E MINNEAPOLIS MN 55404 | B T BEYENE & N ALTAYE | VACANT LAND-APARTMENT | $118,400 | 95 ft |
| 1519 PORTLAND AVE MINNEAPOLIS MN 55404 | GREEN ROCK ASSETS LLC | RESIDENTIAL | $353,000 | 105 ft |
| 609 15TH ST E MINNEAPOLIS MN 55404 | DALE M HOWEY | VACANT LAND-APARTMENT | $117,500 | 132 ft |
| 612 16TH ST E MINNEAPOLIS MN 55404 | GREEN ROCK ASSETS LLC | TRIPLEX | $394,800 | 157 ft |
| 600 16TH ST E MINNEAPOLIS MN 55404 | J R HIRST & L M GASPARDO | RESIDENTIAL-TWO UNIT | $363,000 | 160 ft |
| 610 16TH ST E MINNEAPOLIS MN 55404 | TACC PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $296,800 | 166 ft |
| 619 15TH ST E MINNEAPOLIS MN 55404 | C MALIBAGO & K HINZE | RESIDENTIAL-TWO UNIT | $352,300 | 169 ft |
| 616 16TH ST E MINNEAPOLIS MN 55404 | GREEN ROCK ASSETS LLC | RESIDENTIAL-TWO UNIT | $365,400 | 179 ft |
| 606 15TH ST E MINNEAPOLIS MN 55404 | SIX HUNDRED SIX LLC | APARTMENT | $2,109,600 | 202 ft |
| 1425 PORTLAND AVE MINNEAPOLIS MN 55404 | CHDC SLATER LLC | APARTMENT | $2,079,100 | 204 ft |
Most Recent Sale
Current Tax Year