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 ↗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 ↗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 1055
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Urban Neighborhood 2 — moderate-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 small multifamily (2–4 units, wood frame) benchmarks for 3,796 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1940 EMERSON AVE S MINNEAPOLIS MN 55403 | DAVID G MENTER | RESIDENTIAL-TWO UNIT | $516,000 | 45 ft |
| 1928 EMERSON AVE S MINNEAPOLIS MN 55403 | RENT INC | APARTMENT | $1,479,000 | 55 ft |
| 1936 EMERSON AVE S MINNEAPOLIS MN 55403 | DAVID G MENTER | VACANT LAND-RESIDENTIAL | $17,900 | 70 ft |
| 1200 FRANKLIN AVE W MINNEAPOLIS MN 55405 | AWESOME FRANKLIN LLC ET AL | APARTMENT | $1,925,000 | 105 ft |
| 1924 EMERSON AVE S MINNEAPOLIS MN 55403 | EDGEWATER HOLDINGS LLC | LOW INCOME RENTAL | $1,435,000 | 116 ft |
| 1937 FREMONT AVE S MINNEAPOLIS MN 55403 | HERO HOMES MN PARTNERS LLC | APARTMENT | $960,000 | 134 ft |
| 1941 FREMONT AVE S MINNEAPOLIS MN 55403 | HERO HOMES MN PARTNERS LLC | APARTMENT | $960,000 | 146 ft |
| 1933 FREMONT AVE S MINNEAPOLIS MN 55403 | DAVID O HANSEN | APARTMENT | $2,944,000 | 149 ft |
| 1945 FREMONT AVE S MINNEAPOLIS MN 55403 | JAIME E HANNEKEN | CONDOMINIUM | $265,000 | 174 ft |
| 1945 FREMONT AVE S MINNEAPOLIS MN 55403 | TRACEY S BAUER | CONDOMINIUM | $265,000 | 174 ft |
Most Recent Sale
Current Tax Year