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 ↗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 ↗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 2018 · Most recent: Sep 2020 (res)
Norblom Plumbing Co
Norblom Plumbing Co
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Central · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 84
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 4,827 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3341 PORTLAND AVE MINNEAPOLIS MN 55407 | ALPHA HUMAN SERVICES INC | APARTMENT | $0 | 70 ft |
| 3351 PORTLAND AVE MINNEAPOLIS MN 55407 | STEVEN M SCHULTZ | RESIDENTIAL | $457,000 | 72 ft |
| 3346 OAKLAND AVE MINNEAPOLIS MN 55407 | ERIC P & MOLLY JOY M GRUEN | RESIDENTIAL | $293,300 | 131 ft |
| 3342 OAKLAND AVE MINNEAPOLIS MN 55407 | VICTORIA NICHOLS SVANOE | RESIDENTIAL | $342,000 | 132 ft |
| 3331 PORTLAND AVE MINNEAPOLIS MN 55407 | T J HANNACK & K A HANNACK | RESIDENTIAL | $338,900 | 134 ft |
| 3350 OAKLAND AVE MINNEAPOLIS MN 55407 | BETSY G M SYMANIETZ ET AL | RESIDENTIAL | $310,000 | 140 ft |
| 3338 OAKLAND AVE MINNEAPOLIS MN 55407 | ETHAN LUCE & HANNA LUCE | RESIDENTIAL | $267,500 | 145 ft |
| 3358 OAKLAND AVE MINNEAPOLIS MN 55407 | M A GUTMAN/R A GUTMAN ET AL | RESIDENTIAL-TWO UNIT | $314,600 | 158 ft |
| 3334 OAKLAND AVE MINNEAPOLIS MN 55407 | R A BERRA JR & D M MCCLEERY | RESIDENTIAL | $264,100 | 165 ft |
| 3327 PORTLAND AVE MINNEAPOLIS MN 55407 | FREDY OJEDA | RESIDENTIAL-TWO UNIT | $317,600 | 184 ft |
Most Recent Sale
Current Tax Year