ParcelLens
Property Intelligence · Twin Cities
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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 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.
2 permits on record since 2024 · Most recent: Dec 2024 (existres)
The Snelling Co Inc
CenterPoint Energy Resource Corp
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 3,169 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3228 3RD AVE S MINNEAPOLIS MN 55408 | NEIRBO HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $347,200 | 46 ft |
| 3236 3RD AVE S MINNEAPOLIS MN 55408 | RICHARD C SENG | RESIDENTIAL-TWO UNIT | $359,100 | 46 ft |
| 3224 3RD AVE S MINNEAPOLIS MN 55408 | SONG SEAK | LOW INCOME RENTAL | $438,500 | 92 ft |
| 3240 3RD AVE S MINNEAPOLIS MN 55408 | MARY WILLING | RESIDENTIAL-TWO UNIT | $409,800 | 92 ft |
| 3220 3RD AVE S MINNEAPOLIS MN 55408 | ABYSSINIA LLC | APARTMENT | $320,000 | 138 ft |
| 3244 3RD AVE S MINNEAPOLIS MN 55408 | MARY WILLING | VACANT LAND-RESIDENTIAL | $48,000 | 138 ft |
| 3233 2ND AVE S MINNEAPOLIS MN 55408 | ANDREW WOOLCOTT | RESIDENTIAL | $435,000 | 140 ft |
| 3237 2ND AVE S MINNEAPOLIS MN 55408 | SAIDA HASSAN | RESIDENTIAL | $359,000 | 147 ft |
| 3229 2ND AVE S MINNEAPOLIS MN 55408 | I A ALI & Z I AMIN | RESIDENTIAL | $288,000 | 147 ft |
| 3227 2ND AVE S MINNEAPOLIS MN 55408 | TYRIZE C COX | RESIDENTIAL-ZERO LOT LINE | $354,900 | 161 ft |
Most Recent Sale
Current Tax Year