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.
6 permits on record since 2020 · $8K total declared value · Most recent: Dec 2025 (existres)
Standard Heating and Air Conditioning Inc
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
ASHTON MCGEE RESTORATION GROUP LLC
Ron the Sewer Rat 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
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 2,884 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3043 2ND AVE S MINNEAPOLIS MN 55408 | UMATUL ISLAM CENTER INC | VACANT LAND-RESIDENTIAL | $43,000 | 46 ft |
| 3037 2ND AVE S MINNEAPOLIS MN 55408 | UMATUL ISLAM CENTER INC | RESIDENTIAL | $0 | 92 ft |
| 212 31ST ST E MINNEAPOLIS MN 55408 | CARLOS ORITZ/M ORTIZ GUALLPA | RESIDENTIAL | $242,700 | 92 ft |
| 3101 2ND AVE S MINNEAPOLIS MN 55408 | SANDRA K ALLISON | RESIDENTIAL | $286,000 | 108 ft |
| 3107 2ND AVE S MINNEAPOLIS MN 55408 | CHRISTOPHER LEE | RESIDENTIAL | $416,000 | 154 ft |
| 3046 3RD AVE S MINNEAPOLIS MN 55408 | ALLISON ADELLE BROEREN | RESIDENTIAL | $636,000 | 155 ft |
| 3036 3RD AVE S MINNEAPOLIS MN 55408 | REGAN 3036 LLC | LOW INCOME RENTAL | $569,000 | 166 ft |
| 3100 3RD AVE S MINNEAPOLIS MN 55408 | LOGAN M OAKGROVE | RESIDENTIAL | $140,000 | 175 ft |
| 3032 3RD AVE S MINNEAPOLIS MN 55408 | S SWANSON & C J R SANCHEZ | RESIDENTIAL-TWO UNIT | $344,900 | 195 ft |
| 3111 2ND AVE S MINNEAPOLIS MN 55408 | K M LARSON & B A VITENSE | RESIDENTIAL | $333,000 | 196 ft |
Most Recent Sale
Current Tax Year