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.
Downtown West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1261.02
Zip code 55402
Source: Redfin Data Center (Invalid Date) · Zip 55402
Downtown Center 1 — urban core district
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
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 |
|---|---|---|---|---|
| 620 2ND AVE S MINNEAPOLIS MN 55402 | NS PROPCO COMMERCIAL LLC | COMMERCIAL-PREFERRED | $4,659,900 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | NS PROPCO GARAGE LLC | COMMERCIAL-PREFERRED | $13,170,000 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | NS PROPCO WEST OFFICE LLC | COMMERCIAL-NON PREFERRED | $25,337,400 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | TWAIN GL XXII LLC | COMMERCIAL-PREFERRED | $14,272,700 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | TWAIN GL XXII LLC | COMMERCIAL-PREFERRED | $1,575,000 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | TWAIN GL XXII LLC | COMMERCIAL-PREFERRED | $1,575,000 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | NS PROPCO COMMERCIAL LLC | COMMERCIAL-PREFERRED | $1,570,400 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | NS PROPCO COMMERCIAL LLC | COMMERCIAL-PREFERRED | $1,515,000 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | TWAIN GL XXII LLC | COMMERCIAL-PREFERRED | $3,577,300 | 0 ft |
| 620 2ND AVE S MINNEAPOLIS MN 55402 | NORTHSTAR EAST APARTMENTS | APARTMENT | $980,000 | 0 ft |
Most Recent Sale
Current Tax Year