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 ↗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 ↗Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 ↗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 ↗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 · $2K total declared value · Most recent: Jan 2024 (addition)
ALL AREA MANAGEMENT LLC
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 85
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 small multifamily (2–4 units, wood frame) benchmarks for 2,636 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3109 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HELLEN FERGUSON | RESIDENTIAL | $204,300 | 42 ft |
| 3117 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MATTHEW & AMBER LOVELACE | RESIDENTIAL | $377,900 | 42 ft |
| 3105 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | L&M INVESTMENTS GROUP LLC | COMMERCIAL-PREFERRED | $276,000 | 84 ft |
| 3121 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | J S WADERICH & K E WADERICH | RESIDENTIAL | $322,700 | 84 ft |
| 3125 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ROBERT ARNDT | RESIDENTIAL | $543,000 | 126 ft |
| 3101 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | M P LYNCH & R J LYNCH | RESIDENTIAL | $344,100 | 127 ft |
| 3112 16TH AVE S MINNEAPOLIS MN 55407 | KATHERYN PARAL & BRYAN MAY | RESIDENTIAL | $272,100 | 136 ft |
| 3116 16TH AVE S MINNEAPOLIS MN 55407 | K M JOHNSON & T H JOHNSON | RESIDENTIAL | $271,000 | 143 ft |
| 3120 16TH AVE S MINNEAPOLIS MN 55407 | T M RICHIE & D J RICHIE | RESIDENTIAL | $237,100 | 160 ft |
| 3100 16TH AVE S MINNEAPOLIS MN 55407 | NEW CITY CHURCH | COMMERCIAL-PREFERRED | $0 | 160 ft |
Most Recent Sale
Current Tax Year