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 ↗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 ↗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.
3 permits on record since 2020 · $19K total declared value · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
Holmlund Masonry Inc
Mike's Custom Mechanical 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 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 3,107 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3141 CLINTON AVE MINNEAPOLIS MN 55408 | SHAD CHALLIS ET AL | RESIDENTIAL | $310,000 | 45 ft |
| 3133 CLINTON AVE MINNEAPOLIS MN 55408 | SHAMSO B MOHOMED | RESIDENTIAL | $340,100 | 45 ft |
| 3145 CLINTON AVE MINNEAPOLIS MN 55408 | JEFFREY A TATE II | RESIDENTIAL-TWO UNIT | $334,100 | 89 ft |
| 3129 CLINTON AVE MINNEAPOLIS MN 55408 | JOCELYN MCQUIRTER | RESIDENTIAL-TWO UNIT | $313,800 | 90 ft |
| 338 32ND ST E MINNEAPOLIS MN 55408 | COURTNEY SISLER | RESIDENTIAL | $256,000 | 135 ft |
| 3125 CLINTON AVE MINNEAPOLIS MN 55408 | KHA VANG & SIA VUE | RESIDENTIAL | $277,400 | 135 ft |
| 3136 4TH AVE S MINNEAPOLIS MN 55408 | MICHAEL PAUL ALLEN | RESIDENTIAL | $330,000 | 142 ft |
| 3140 4TH AVE S MINNEAPOLIS MN 55408 | N M MOLINA & D M ALVARADO | RESIDENTIAL | $251,500 | 145 ft |
| 3132 4TH AVE S MINNEAPOLIS MN 55408 | ALEXANDRA A KELLY JOHNSON | RESIDENTIAL | $340,000 | 156 ft |
| 3121 CLINTON AVE MINNEAPOLIS MN 55408 | RAMON FIGUEROA | RESIDENTIAL-TWO UNIT | $311,400 | 180 ft |
Most Recent Sale
Current Tax Year