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.
1 permit on record since 2024 · Most recent: Nov 2024 (res)
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 sfr / adu benchmarks for 162 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3344 3RD AVE S MINNEAPOLIS MN 55408 | F N FINTIMILLA/M M ENCALADA | RESIDENTIAL | $310,000 | 62 ft |
| 3346 3RD AVE S MINNEAPOLIS MN 55408 | PINEWOOD LLC | RESIDENTIAL-TWO UNIT | $296,600 | 64 ft |
| 3347 2ND AVE S MINNEAPOLIS MN 55408 | PATRICK A FOOR & MARIA FOOR | RESIDENTIAL | $312,300 | 97 ft |
| 3340 3RD AVE S MINNEAPOLIS MN 55408 | JOSE LLAPA CAMPOVERDE | RESIDENTIAL | $254,300 | 100 ft |
| 3345 2ND AVE S MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 107 ft |
| 3400 3RD AVE S MINNEAPOLIS MN 55408 | A M AEDU & E N DERESSA | RESIDENTIAL | $381,000 | 131 ft |
| 3341 2ND AVE S MINNEAPOLIS MN 55408 | SIGNED PAINTING INC | VACANT LAND-RESIDENTIAL | $43,000 | 133 ft |
| 3336 3RD AVE S MINNEAPOLIS MN 55408 | ART INVESTMENT GROUP LLC | TRIPLEX | $705,400 | 142 ft |
| 209 34TH ST E MINNEAPOLIS MN 55408 | TERESA ERIN LUND | VACANT LAND-RESIDENTIAL | $51,000 | 157 ft |
| 3337 2ND AVE S MINNEAPOLIS MN 55408 | YUE'S TRUST | RESIDENTIAL | $349,000 | 166 ft |
Most Recent Sale
Current Tax Year