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 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 ↗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 ↗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.
No permits found in Minneapolis open data for this parcel.
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 2 — moderate-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 2,489 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3104 ELLIOT AVE MINNEAPOLIS MN 55407 | KATHERINE M KIPLING | RESIDENTIAL | $391,000 | 40 ft |
| 3112 ELLIOT AVE MINNEAPOLIS MN 55407 | WILLIAM ZORILLA | RESIDENTIAL-TWO UNIT | $403,400 | 40 ft |
| 3100 ELLIOT AVE MINNEAPOLIS MN 55407 | RICHARD SENG | RESIDENTIAL-TWO UNIT | $342,800 | 80 ft |
| 3116 ELLIOT AVE MINNEAPOLIS MN 55407 | THOMAS A & JESSICA E MUELLER | RESIDENTIAL | $311,000 | 80 ft |
| 3120 ELLIOT AVE MINNEAPOLIS MN 55407 | JASON WASYK | RESIDENTIAL | $391,000 | 125 ft |
| 3101 CHICAGO AVE MINNEAPOLIS MN 55407 | MT OLIVET LUTH CH OF MPLS | LAND-COMMERCIAL | $0 | 138 ft |
| 3117 CHICAGO AVE MINNEAPOLIS MN 55407 | R V A OCHOA & G M R ORDONEZ | RESIDENTIAL-TWO UNIT | $311,500 | 158 ft |
| 3126 ELLIOT AVE MINNEAPOLIS MN 55407 | ALVARO R HUINIL-DIAZ ET AL | RESIDENTIAL | $264,200 | 170 ft |
| 3121 CHICAGO AVE MINNEAPOLIS MN 55407 | BRILLIANT PROPERTIES LLC | RESIDENTIAL | $252,800 | 181 ft |
| 3052 ELLIOT AVE MINNEAPOLIS MN 55407 | ALEXANDER THEIS | RESIDENTIAL | $421,800 | 183 ft |
Most Recent Sale
Current Tax Year