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 ↗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 2023 · $15K total declared value · Most recent: Mar 2023 (commercial minor)
Norblom Plumbing Co
Standard Heating and Air Conditioning Inc
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 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Urban Neighborhood 2 — moderate-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 small multifamily (2–4 units, wood frame) benchmarks for 5,025 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3041 5TH AVE S MINNEAPOLIS MN 55408 | JONATHAN PATINO | RESIDENTIAL | $239,600 | 58 ft |
| 3037 5TH AVE S MINNEAPOLIS MN 55408 | TULE RIVER HOMEBUYER EARNED | RESIDENTIAL | $283,000 | 99 ft |
| 3101 5TH AVE S MINNEAPOLIS MN 55408 | M L ALEXANDER & J D WILLIAMS | RESIDENTIAL-TWO UNIT | $378,600 | 124 ft |
| 3044 PORTLAND AVE MINNEAPOLIS MN 55407 | SEGUNDA BALVOA | RESIDENTIAL | $326,700 | 132 ft |
| 3048 PORTLAND AVE MINNEAPOLIS MN 55407 | SEGUNDA BALVOA | TRIPLEX | $509,500 | 132 ft |
| 3033 5TH AVE S MINNEAPOLIS MN 55408 | EVE PECKENPAUGH | RESIDENTIAL | $432,600 | 138 ft |
| 3040 PORTLAND AVE MINNEAPOLIS MN 55407 | JAVIER G GOMEZ ET AL | RESIDENTIAL | $285,400 | 141 ft |
| 3036 PORTLAND AVE MINNEAPOLIS MN 55407 | MARCO V G PICHAZACA ET AL | RESIDENTIAL | $443,900 | 161 ft |
| 3105 5TH AVE S MINNEAPOLIS MN 55408 | M Z D LALA & J LALA | RESIDENTIAL-TWO UNIT | $300,600 | 173 ft |
| 3029 5TH AVE S MINNEAPOLIS MN 55408 | JON BARTELT | RESIDENTIAL | $265,500 | 178 ft |
Most Recent Sale
Current Tax Year