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.
2 permits on record since 2020 · $84K total declared value · Most recent: Nov 2025 (roofwind)
RAYCO CONSTRUCTION INC
Lifetime Builders
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Corcoran · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1087
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 5,256 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3112 22ND AVE S MINNEAPOLIS MN 55407 | CIELO SIN LIMS-SKY W/O LIMS | APARTMENT | $930,000 | 50 ft |
| 3122 22ND AVE S MINNEAPOLIS MN 55407 | CIELO SIN LIMS-SKY W/O LIMS | APARTMENT | $709,000 | 50 ft |
| 3128 22ND AVE S MINNEAPOLIS MN 55407 | JESSIE WITTE | RESIDENTIAL | $334,500 | 95 ft |
| 3106 22ND AVE S MINNEAPOLIS MN 55407 | RONALD C DOLL | APARTMENT | $630,000 | 103 ft |
| 3132 22ND AVE S MINNEAPOLIS MN 55407 | S A GOSIEWSKI & R M HEFTE | RESIDENTIAL | $327,800 | 135 ft |
| 2117 31ST ST E MINNEAPOLIS MN 55407 | DONELLA M NEUHAUS | RESIDENTIAL | $168,000 | 143 ft |
| 2123 31ST ST E MINNEAPOLIS MN 55407 | JOSE DE JESUS GARCIA CRUZ | RESIDENTIAL | $218,000 | 155 ft |
| 3100 22ND AVE S MINNEAPOLIS MN 55407 | J I FORTIER & C A LANE | RESIDENTIAL | $251,200 | 162 ft |
| 2115 31ST ST E MINNEAPOLIS MN 55407 | P E RING & L L KILZER | RESIDENTIAL | $244,700 | 185 ft |
| 3115 21ST AVE S MINNEAPOLIS MN 55407 | JOSE LUIS PATINO MONTOYA | RESIDENTIAL | $303,500 | 187 ft |
Most Recent Sale
Current Tax Year