In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2023 · Most recent: Jan 2023 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 1086
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,410 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3249 20TH AVE S MINNEAPOLIS MN 55407 | L RIESGRAF & M KELLEY | RESIDENTIAL | $345,800 | 40 ft |
| 3245 20TH AVE S MINNEAPOLIS MN 55407 | PAMELA A THOMPSON | RESIDENTIAL | $292,100 | 81 ft |
| 3301 20TH AVE S MINNEAPOLIS MN 55407 | 3301 LLC | RESIDENTIAL-TWO UNIT | $379,000 | 100 ft |
| 3241 20TH AVE S MINNEAPOLIS MN 55407 | KARINA J A CAPESTANY | RESIDENTIAL | $216,000 | 120 ft |
| 3244 21ST AVE S MINNEAPOLIS MN 55407 | ANTON LEE GREGERSEN | RESIDENTIAL | $304,000 | 138 ft |
| 3305 20TH AVE S MINNEAPOLIS MN 55407 | AUDREY N PALLMEYER | RESIDENTIAL | $250,000 | 138 ft |
| 3240 21ST AVE S MINNEAPOLIS MN 55407 | EMILY J & DOUGLAS R WRIGHT | RESIDENTIAL | $361,000 | 146 ft |
| 3237 20TH AVE S MINNEAPOLIS MN 55407 | MICHAEL H ROWE | RESIDENTIAL | $306,800 | 161 ft |
| 3236 21ST AVE S MINNEAPOLIS MN 55407 | W Z BURKS & R BELL | RESIDENTIAL | $308,500 | 168 ft |
| 3300 21ST AVE S MINNEAPOLIS MN 55407 | N J ANDERSON & T J MORTIMER | RESIDENTIAL | $371,400 | 175 ft |
Current Tax Year