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.
4 permits on record since 2024 · $32K total declared value · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
McQuillan Home Services LLC
McQuillan Home Services LLC
BRETT HAWK CONSTRUCTION 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 83
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 2,631 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3029 3RD AVE S MINNEAPOLIS MN 55408 | M R M ENCALADA & F D NIETO | RESIDENTIAL | $254,000 | 40 ft |
| 3037 3RD AVE S MINNEAPOLIS MN 55408 | ATM PROPERTIES LLC | RESIDENTIAL-ZERO LOT LINE | $241,600 | 40 ft |
| 3025 3RD AVE S MINNEAPOLIS MN 55408 | SCOTT J STANGLER | RESIDENTIAL-TWO UNIT | $301,900 | 80 ft |
| 3041 3RD AVE S MINNEAPOLIS MN 55408 | ATM PROPERTIES LLC | RESIDENTIAL-ZERO LOT LINE | $241,600 | 80 ft |
| 3045 3RD AVE S MINNEAPOLIS MN 55408 | SA PROPERTIES LLC | RESIDENTIAL | $159,900 | 124 ft |
| 3034 CLINTON AVE MINNEAPOLIS MN 55408 | V M A PASTRANA & S M ARCE | LOW INCOME RENTAL | $536,100 | 139 ft |
| 310 31ST ST E MINNEAPOLIS MN 55408 | JOEL POUALEU | TRIPLEX | $550,100 | 143 ft |
| 3028 CLINTON AVE MINNEAPOLIS MN 55408 | W B EVANS/T M EVANS/H EVANS | RESIDENTIAL | $319,000 | 144 ft |
| 3036 CLINTON AVE MINNEAPOLIS MN 55408 | A AND M LLC | RESIDENTIAL | $230,000 | 145 ft |
| 3024 CLINTON AVE MINNEAPOLIS MN 55408 | CRISTINA MIRANDO SOTO | RESIDENTIAL-TWO UNIT | $281,300 | 160 ft |
Most Recent Sale
Current Tax Year