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.
4 permits on record since 2022 · $81K total declared value · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
Foremost Exteriors
Foremost Exteriors
WILLET REMODELING AND CONSTRUCTION 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 2,910 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3244 3RD AVE S MINNEAPOLIS MN 55408 | MARY WILLING | VACANT LAND-RESIDENTIAL | $48,000 | 46 ft |
| 3240 3RD AVE S MINNEAPOLIS MN 55408 | MARY WILLING | RESIDENTIAL-TWO UNIT | $409,800 | 92 ft |
| 3300 3RD AVE S MINNEAPOLIS MN 55408 | D M SCHAEFER & Z L SCHAEFER | RESIDENTIAL-TWO UNIT | $298,300 | 107 ft |
| 3236 3RD AVE S MINNEAPOLIS MN 55408 | RICHARD C SENG | RESIDENTIAL-TWO UNIT | $359,100 | 138 ft |
| 3249 2ND AVE S MINNEAPOLIS MN 55408 | RRE VENTURES LLC | RESIDENTIAL | $170,500 | 140 ft |
| 3304 3RD AVE S MINNEAPOLIS MN 55408 | CARLOS CUESTRA PILLAGA | RESIDENTIAL | $256,700 | 152 ft |
| 3241 2ND AVE S MINNEAPOLIS MN 55408 | K DURAI & R KAMALASEGARAN | RESIDENTIAL | $297,000 | 162 ft |
| 203 33RD ST E MINNEAPOLIS MN 55408 | SN3 LLC | APARTMENT | $292,000 | 176 ft |
| 3232 3RD AVE S MINNEAPOLIS MN 55408 | RYAN HARRISON LEE | RESIDENTIAL-TWO UNIT | $345,300 | 184 ft |
| 3249 3RD AVE S MINNEAPOLIS MN 55408 | PATRICIA M CASAGRANDE | APARTMENT | $521,000 | 194 ft |
Most Recent Sale
Current Tax Year