Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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.
1 permit on record since 2009 · $110K total declared value · Most recent: Apr 2009 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 2,799 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3111 2ND AVE S MINNEAPOLIS MN 55408 | K M LARSON & B A VITENSE | RESIDENTIAL | $333,000 | 42 ft |
| 3101 2ND AVE S MINNEAPOLIS MN 55408 | SANDRA K ALLISON | RESIDENTIAL | $286,000 | 46 ft |
| 3115 2ND AVE S MINNEAPOLIS MN 55408 | I NOMPELIS & C E NOMPELIS | RESIDENTIAL-TWO UNIT | $342,700 | 86 ft |
| 3119 2ND AVE S MINNEAPOLIS MN 55408 | A G HAGE & SARAH GARTON | RESIDENTIAL-TWO UNIT | $339,500 | 132 ft |
| 3104 3RD AVE S MINNEAPOLIS MN 55408 | ELLIOT BUTAY & CHELSEA BUTAY | RESIDENTIAL | $286,000 | 139 ft |
| 3108 3RD AVE S MINNEAPOLIS MN 55408 | D COLAKOVIC & A D SCHROEDER | RESIDENTIAL | $359,000 | 144 ft |
| 3100 3RD AVE S MINNEAPOLIS MN 55408 | LOGAN M OAKGROVE | RESIDENTIAL | $140,000 | 147 ft |
| 3045 2ND AVE S MINNEAPOLIS MN 55408 | YUN XIE & YINYING ZHONG | RESIDENTIAL-TWO UNIT | $338,100 | 154 ft |
| 3112 3RD AVE S MINNEAPOLIS MN 55408 | REINA S BENAVIDES GUAMA | RESIDENTIAL | $213,000 | 163 ft |
| 3123 2ND AVE S MINNEAPOLIS MN 55408 | SALDI LLC | RESIDENTIAL | $575,200 | 177 ft |
Most Recent Sale
Current Tax Year