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 ↗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 ↗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 ↗Signals are based on public datasets; program eligibility requires verification.
7 permits on record since 2017 · $6.2M total declared value · Most recent: Apr 2021 (commfdnr)
United States Mechanical Inc
United States Mechanical Inc
United States Mechanical Inc
FRERICHS CONSTRUCTION CO
Jayhawk Mechanical Inc
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
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 mid-rise concrete (50+ units) benchmarks for 66,255 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1520 PORTLAND AVE MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS PARK B | VACANT LAND-APARTMENT | $0 | 163 ft |
| 1420 PORTLAND AVE MINNEAPOLIS MN 55404 | CHDC SLATER LLC | APARTMENT | $2,589,000 | 242 ft |
| 508 15TH ST E MINNEAPOLIS MN 55404 | CHAMPLIN CROSSING APTS LLC | APARTMENT | $1,649,700 | 259 ft |
| 500 15TH ST E MINNEAPOLIS MN 55404 | CHAMPLIN CROSSING APTS LLC | APARTMENT | $1,794,600 | 265 ft |
| 1416 PORTLAND AVE MINNEAPOLIS MN 55404 | CHDC SLATER LLC | APARTMENT | $2,759,000 | 293 ft |
| 1601 5TH AVE S MINNEAPOLIS MN 55404 | CITY OF MPLS PK BOARD | COMMERCIAL-PREFERRED | $0 | 301 ft |
| 600 16TH ST E MINNEAPOLIS MN 55404 | J R HIRST & L M GASPARDO | RESIDENTIAL-TWO UNIT | $363,000 | 325 ft |
| 1519 PORTLAND AVE MINNEAPOLIS MN 55404 | GREEN ROCK ASSETS LLC | RESIDENTIAL | $353,000 | 331 ft |
| 1501 PORTLAND AVE MINNEAPOLIS MN 55404 | HOWEY PROPERTIES LLC | APARTMENT | $5,642,000 | 333 ft |
| 1412 PORTLAND AVE MINNEAPOLIS MN 55404 | CHDC SLATER LLC | APARTMENT | $2,003,000 | 349 ft |
Most Recent Sale
Current Tax Year