On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗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.
4 permits on record since 2012 · $775K total declared value · Most recent: Mar 2026 (remodel)
STANDARD WATER CONTROL SYSTEMS INC
Kingfisher Construction
TWIN CITY HARDWARE
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
Downtown Center 2 — downtown frame district
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
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 |
|---|---|---|---|---|
| MN | Unknown | — | — | 0 ft |
| 1504 CHICAGO AVE MINNEAPOLIS MN 55404 | CHICAGO APARTMENTS LLC | LOW INCOME RENTAL | $1,871,100 | 53 ft |
| MN | Unknown | — | — | 53 ft |
| 731 15TH ST E MINNEAPOLIS MN 55404 | CHICAGO APARTMENTS LLC | VACANT LAND-APARTMENT | $166,200 | 102 ft |
| 1508 CHICAGO AVE MINNEAPOLIS MN 55404 | CHICAGO APARTMENTS LLCS | LOW INCOME RENTAL | $1,158,300 | 108 ft |
| MN | Unknown | — | — | 108 ft |
| 734 15TH ST E MINNEAPOLIS MN 55404 | NORTH CENTRAL UNIVERSITY | LAND-COMMERCIAL | $208,300 | 113 ft |
| 727 15TH ST E MINNEAPOLIS MN 55404 | CHICAGO APARTMENTS LLC | VACANT LAND-APARTMENT | $166,000 | 150 ft |
| 732 15TH ST E MINNEAPOLIS MN 55404 | NORTH CENTRAL UNIVERSITY | LAND-COMMERCIAL | $0 | 163 ft |
| 1412 CHICAGO AVE MINNEAPOLIS MN 55404 | NORTH CENTRAL UNIVERSITY | LAND-COMMERCIAL | $0 | 170 ft |
Current Tax Year