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 2023 · $12K total declared value · Most recent: Oct 2023 (misc)
Summit Construction Group
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 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 2,778 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3124 PORTLAND AVE MINNEAPOLIS MN 55407 | A W THOMPSON & R A PETERSON | RESIDENTIAL | $332,000 | 45 ft |
| 3132 PORTLAND AVE MINNEAPOLIS MN 55407 | MANUEL A FERNANDEZ VINAZACA | RESIDENTIAL | $389,500 | 45 ft |
| 3120 PORTLAND AVE MINNEAPOLIS MN 55407 | J T & J A CLANCY | RESIDENTIAL | $207,000 | 90 ft |
| 3136 PORTLAND AVE MINNEAPOLIS MN 55407 | EDGAR GEOVANNY ET AL | RESIDENTIAL | $210,000 | 90 ft |
| 3129 5TH AVE S MINNEAPOLIS MN 55408 | LINCOLN G BILBRO ETAL | RESIDENTIAL | $226,000 | 131 ft |
| 3133 5TH AVE S MINNEAPOLIS MN 55408 | CITY OF LAKES COMM LAND TR | — | $255,000 | 138 ft |
| 3125 5TH AVE S MINNEAPOLIS MN 55408 | JESUS ROJAS-CHIMAN ET AL | RESIDENTIAL | $176,400 | 139 ft |
| 3146 PORTLAND AVE MINNEAPOLIS MN 55407 | T & E HOLLINS | RESIDENTIAL | $274,700 | 156 ft |
| 3137 5TH AVE S MINNEAPOLIS MN 55408 | X P YANG & K M VANG | RESIDENTIAL | $331,000 | 158 ft |
| 3116 PORTLAND AVE MINNEAPOLIS MN 55407 | PAULINE THOMAS | RESIDENTIAL | $532,000 | 158 ft |
Most Recent Sale
Current Tax Year