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.
1 permit on record since 2024 · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
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 1069
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2437 1ST AVE S MINNEAPOLIS MN 55404 | EUGENIO E JIMENEZ CARRERA | LOW INCOME RENTAL | $620,000 | 46 ft |
| 2429 1ST AVE S MINNEAPOLIS MN 55404 | HOUSING FOR THE ARTS LLC | LOW INCOME RENTAL | $579,000 | 57 ft |
| 2441 1ST AVE S MINNEAPOLIS MN 55404 | 2441 FIRST AVENUE SOUTH LLC | RESIDENTIAL-TWO UNIT | $384,500 | 86 ft |
| 2425 1ST AVE S MINNEAPOLIS MN 55404 | S W HOLMQUIST & C M ADAMIDI | TRIPLEX | $351,200 | 113 ft |
| 2445 1ST AVE S MINNEAPOLIS MN 55404 | 2445 FIRST LLC | RESIDENTIAL | $343,100 | 126 ft |
| 2434 STEVENS AVE MINNEAPOLIS MN 55404 | C GALLAGHER & J DUROSE | RESIDENTIAL-TWO UNIT | $500,200 | 140 ft |
| 2436 STEVENS AVE MINNEAPOLIS MN 55404 | J A CARUSO & G A STOUT | RESIDENTIAL | $405,600 | 140 ft |
| 2438 STEVENS AVE MINNEAPOLIS MN 55404 | KARA ALISA SABATKE | RESIDENTIAL | $353,400 | 146 ft |
| MN | Unknown | — | — | 154 ft |
| MN | Unknown | — | — | 154 ft |