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 ↗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 ↗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.
9 permits on record since 2017 · $1.0M total declared value · Most recent: Feb 2024 (remodel)
PARAGON RESTORATION II INC
Gilbert Mechanical Contractors LLC
GARDNER BUILDERS
Michael Jackowitz
Custom Refrigeration Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Downtown West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1044
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Downtown Center 1 — urban core 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 |
|---|---|---|---|---|
| 905 4TH AVE S MINNEAPOLIS MN 55404 | GETHSEMANE CHURCH | COMMERCIAL-PREFERRED | $0 | 100 ft |
| 419 9TH ST S MINNEAPOLIS MN 55404 | LEAMINGTON MOTOR INN INC | LAND-COMMERCIAL | $221,300 | 106 ft |
| 410 10TH ST S MINNEAPOLIS MN 55404 | LEAMINGTON MOTOR INN INC | LAND-COMMERCIAL | $151,600 | 165 ft |
| 416 10TH ST S MINNEAPOLIS MN 55404 | LEAMINGTON CO | LAND-COMMERCIAL | $523,600 | 167 ft |
| 410 10TH ST S MINNEAPOLIS MN 55404 | LEAMINGTON MOTOR INN INC | LAND-COMMERCIAL | $151,600 | 180 ft |
| 400 10TH ST S MINNEAPOLIS MN 55404 | LEAMINGTON MOTOR INN | VACANT LAND-RESIDENTIAL | $151,900 | 208 ft |
| 815 4TH AVE S MINNEAPOLIS MN 55404 | NORMANDY INN INC | COMMERCIAL-PREFERRED | $2,386,400 | 257 ft |
| 903 5TH AVE S MINNEAPOLIS MN 55404 | KENSINGTON INVSTMNTS III LLC | LAND-COMMERCIAL | $1,217,500 | 320 ft |
| 800 5TH AVE S MINNEAPOLIS MN 55404 | NORMANDY INN INC | COMMERCIAL-PREFERRED | $4,767,900 | 338 ft |
| 917 5TH AVE S MINNEAPOLIS MN 55404 | ECHO FOX PROPS ELLIOT PK LLC | COMMERCIAL-PREFERRED | $406,800 | 338 ft |
Most Recent Sale
Current Tax Year