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.
5 permits on record since 2002 · $258K total declared value · Most recent: Mar 2025 (roofwind)
RAYCO CONSTRUCTION INC
RAYCO CONSTRUCTION INC
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Waite Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 6.01
Zip code 55418
Source: Redfin Data Center (Invalid Date) · Zip 55418
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 18,940 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3427 CENTRAL AVE N E MINNEAPOLIS MN 55418 | L & R INVESTMENTS INC | MED/CARE FACILITY | $2,561,000 | 178 ft |
| 3430 TYLER ST N E MINNEAPOLIS MN 55418 | L & R INVESTMENTS INC | RESIDENTIAL | $205,000 | 183 ft |
| 3359 CENTRAL AVE N E MINNEAPOLIS MN 55418 | JBO LLC | COMMERCIAL-PREFERRED | $421,000 | 214 ft |
| 3358 TYLER ST N E MINNEAPOLIS MN 55418 | DANIELA SLAP | RESIDENTIAL | $300,600 | 216 ft |
| 3434 TYLER ST N E MINNEAPOLIS MN 55418 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 231 ft |
| 3411 TYLER ST N E MINNEAPOLIS MN 55418 | DENNIS R & CARMEN J JOHNSON | RESIDENTIAL | $228,000 | 243 ft |
| 3419 TYLER ST N E MINNEAPOLIS MN 55418 | M D HALFMANN & C A MILLER | RESIDENTIAL | $284,000 | 247 ft |
| 1001 34TH AVE N E MINNEAPOLIS MN 55418 | A JACOBSON/C HERNDON | RESIDENTIAL | $332,000 | 253 ft |
| 3423 TYLER ST N E MINNEAPOLIS MN 55418 | THOMAS M BENSON | RESIDENTIAL | $282,200 | 264 ft |
| 3355 CENTRAL AVE N E MINNEAPOLIS MN 55418 | M D SPENCER & B J VLASAK | RESIDENTIAL | $295,300 | 265 ft |
Most Recent Sale
Current Tax Year