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 ↗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 1057
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Urban Neighborhood 3 — medium-density 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 5,120 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1916 3RD AVE S MINNEAPOLIS MN 55404 | GLEN PAUL SANDNESS | APARTMENT | $698,000 | 59 ft |
| 1906 3RD AVE S MINNEAPOLIS MN 55404 | STEVENS COMMUNITY ASSOC LTD | APARTMENT | $1,657,000 | 68 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | NEBULA HOLDINGS LLC | COOPERATIVE HOUSING | $1,686,000 | 122 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | SOUTHSIDE APARTMENT LLC | COOPERATIVE HOUSING | $98,000 | 122 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | SOUTHSIDE APARTMENT LLC | COOPERATIVE HOUSING | $96,000 | 122 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | SOUTHSIDE APARTMENT LLC | COOPERATIVE HOUSING | $96,000 | 122 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | SOUTHSIDE APARTMENT LLC | COOPERATIVE HOUSING | $96,000 | 122 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | SOUTHSIDE APARTMENT LLC | COOPERATIVE HOUSING | $96,000 | 122 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | SOUTHSIDE APARTMENT LLC | COOPERATIVE HOUSING | $73,000 | 122 ft |
| 1920 3RD AVE S MINNEAPOLIS MN 55404 | SOUTHSIDE APARTMENT LLC | COOPERATIVE HOUSING | $73,000 | 122 ft |
Most Recent Sale
Current Tax Year