ParcelLens
Property Intelligence · Twin Cities
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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 ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
3 permits on record since 2021 · $20K total declared value · Most recent: May 2024 (commercial minor)
Warners Stellian Co Inc
Jenney Construction LLC
B and B Plumbing Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1056
Zip code 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
Residential Mixed-Use 1 — low-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 3,717 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 402 FRANKLIN AVE W MINNEAPOLIS MN 55405 | 2457 LYNDALE LLC | TRIPLEX | $523,700 | 52 ft |
| 318 FRANKLIN AVE W MINNEAPOLIS MN 55404 | DANTE DESERANNO | RESIDENTIAL | $558,000 | 62 ft |
| 424 FRANKLIN AVE W MINNEAPOLIS MN 55405 | LEWIS CALEB BROWN | TRIPLEX | $448,600 | 102 ft |
| 401 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 401 RIDGEWOOD HEIGHTS LLC | CONDOMINIUM | $140,000 | 132 ft |
| 401 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 401 RIDGEWOOD HEIGHTS LLC | CONDOMINIUM | $151,000 | 132 ft |
| 401 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 401 RIDGEWOOD HEIGHTS LLC | CONDOMINIUM | $121,000 | 132 ft |
| 401 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 401 RIDGEWOOD HEIGHTS LLC | CONDOMINIUM | $140,000 | 132 ft |
| 401 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 401 RIDGEWOOD HEIGHTS LLC | CONDOMINIUM | $154,000 | 132 ft |
| 401 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 401 RIDGEWOOD HEIGHTS LLC | CONDOMINIUM | $129,000 | 132 ft |
| 401 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 401 RIDGEWOOD HEIGHTS LLC | CONDOMINIUM | $154,000 | 132 ft |
Most Recent Sale
Current Tax Year