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.
No permits found in Minneapolis open data for this parcel.
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 5,569 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | MARY NOSBUSH | CONDOMINIUM | $163,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | ERIC D WYLIE | CONDOMINIUM | $111,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | TYLER THOMAS RYGH | CONDOMINIUM | $111,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | KRISTOFFER G KNUTSON | CONDOMINIUM | $173,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | BYRON FRANK | CONDOMINIUM | $111,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | MARK NOSBUSH | CONDOMINIUM | $111,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | NIKOLAS SLEMP | CONDOMINIUM | $162,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | KATHRYN KLUEGEL | CONDOMINIUM | $112,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | SHERRIE BROWER & GARY BROWER | CONDOMINIUM | $121,000 | 0 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | ANNA MAZIG | CONDOMINIUM | $175,000 | 0 ft |
Most Recent Sale
Current Tax Year