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.
1 permit on record since 2019 · $500 total declared value · Most recent: Dec 2019 (remodel)
PLANTE CONSULTING
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 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
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 |
|---|---|---|---|---|
| 68 12TH ST N MINNEAPOLIS MN 55403 | BRIDGESTONE/FIRESTONE | COMMERCIAL-NON PREFERRED | $2,102,400 | 150 ft |
| 1123 HAWTHORNE AVE MINNEAPOLIS MN 55403 | UNITED STATES POSTAL SERVICE | COMMERCIAL-PREFERRED | $0 | 242 ft |
| 1103 HAWTHORNE AVE MINNEAPOLIS MN 55403 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $1,531,200 | 282 ft |
| 41 12TH ST N MINNEAPOLIS MN 55403 | YOUTH LINK | LAND-COMMERCIAL | $160,000 | 297 ft |
| 1205 HAWTHORNE AVE MINNEAPOLIS MN 55403 | HAWTHORNE GATES LLC | APARTMENT | $5,460,000 | 320 ft |
| 1201 CHESTNUT AVE MINNEAPOLIS MN 55403 | PPL YOUTHLINK COMM LP | LOW INCOME RENTAL | $3,107,200 | 336 ft |
| 1024 HAWTHORNE AVE MINNEAPOLIS MN 55403 | ALBA LODGING LLC | COMMERCIAL-PREFERRED | $5,811,000 | 361 ft |
| 1025 HAWTHORNE AVE MINNEAPOLIS MN 55403 | MINNEAPOLIS CITY PARKING LLC | LAND-COMMERCIAL | $767,500 | 399 ft |
| 1100 HENNEPIN AVE MINNEAPOLIS MN 55403 | CITY OF MINNEAPOLIS | APARTMENT | $0 | 401 ft |
| 1126 HENNEPIN AVE MINNEAPOLIS MN 55403 | CITY OF MINNEAPOLIS | APARTMENT | $22,514,600 | 401 ft |
Most Recent Sale
Current Tax Year