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 ↗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.
1 permit on record since 2021 · $18K total declared value · Most recent: Feb 2021 (misc)
GERNCO CONSTRUCTION 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
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3117 5TH AVE S MINNEAPOLIS MN 55408 | LUIS C C CHIMBORAZO | RESIDENTIAL | $277,000 | 45 ft |
| 3109 5TH AVE S MINNEAPOLIS MN 55408 | JINGHAN QU | RESIDENTIAL | $168,300 | 45 ft |
| 3121 5TH AVE S MINNEAPOLIS MN 55408 | YAN HONG WU | RESIDENTIAL | $394,000 | 90 ft |
| 3105 5TH AVE S MINNEAPOLIS MN 55408 | M Z D LALA & J LALA | RESIDENTIAL-TWO UNIT | $300,600 | 90 ft |
| 3116 PORTLAND AVE MINNEAPOLIS MN 55407 | PAULINE THOMAS | RESIDENTIAL | $532,000 | 133 ft |
| 3125 5TH AVE S MINNEAPOLIS MN 55408 | JESUS ROJAS-CHIMAN ET AL | RESIDENTIAL | $176,400 | 135 ft |
| 3112 PORTLAND AVE MINNEAPOLIS MN 55407 | DAVID G PARKER | RESIDENTIAL | $117,400 | 138 ft |
| 3101 5TH AVE S MINNEAPOLIS MN 55408 | M L ALEXANDER & J D WILLIAMS | RESIDENTIAL-TWO UNIT | $378,600 | 139 ft |
| 3104 PORTLAND AVE MINNEAPOLIS MN 55407 | NATALIE M SIGLER | RESIDENTIAL | $354,100 | 158 ft |
| 3120 PORTLAND AVE MINNEAPOLIS MN 55407 | J T & J A CLANCY | RESIDENTIAL | $207,000 | 159 ft |
Current Tax Year