On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2016 · Most recent: Mar 2025 (res)
SODERLIN PLUMBING HEATING AND AIR
SODERLIN PLUMBING HEATING AND AIR
BURNOMATIC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Powderhorn Park · 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
Residential Mixed-Use 1 — low-density mixed 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 2,522 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3241 CHICAGO AVE MINNEAPOLIS MN 55407 | N T MENGLER & E BREDESON | RESIDENTIAL | $346,900 | 40 ft |
| 3233 CHICAGO AVE MINNEAPOLIS MN 55407 | 3233 CHICAGO AVE LLC | LOW INCOME RENTAL | $538,000 | 40 ft |
| 3229 CHICAGO AVE MINNEAPOLIS MN 55407 | R DEVET & C DEVET | RESIDENTIAL | $198,000 | 80 ft |
| 3245 CHICAGO AVE MINNEAPOLIS MN 55407 | CATHERINE J LAVERGNE | RESIDENTIAL-TWO UNIT | $295,500 | 83 ft |
| 808 33RD ST E MINNEAPOLIS MN 55407 | A FERNANDEZ/TOMAS FERNANDEZ | RESIDENTIAL-TWO UNIT | $274,700 | 106 ft |
| 3247 CHICAGO AVE MINNEAPOLIS MN 55407 | JINNING QI & HONG ZHENG | RESIDENTIAL-TWO UNIT | $237,100 | 119 ft |
| 3225 CHICAGO AVE MINNEAPOLIS MN 55407 | XAVIER CONZET/TIWONGE CHIRWA | RESIDENTIAL-TWO UNIT | $297,500 | 120 ft |
| 3238 ELLIOT AVE MINNEAPOLIS MN 55407 | STEVE MATTEK & WENN TOWNSEND | RESIDENTIAL-TWO UNIT | $335,500 | 136 ft |
| 810 33RD ST E MINNEAPOLIS MN 55407 | JORGE RIVAS | RESIDENTIAL-TWO UNIT | $244,500 | 136 ft |
| 3232 ELLIOT AVE MINNEAPOLIS MN 55407 | LISA SKELTON | RESIDENTIAL | $326,700 | 141 ft |
Most Recent Sale
Current Tax Year