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 2019 · $30K total declared value · Most recent: Aug 2024 (misc)
RENEWAL BY ANDERSEN CORP
TEAM MECHANICAL 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
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 3,096 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3337 2ND AVE S MINNEAPOLIS MN 55408 | YUE'S TRUST | RESIDENTIAL | $349,000 | 45 ft |
| 3329 2ND AVE S MINNEAPOLIS MN 55408 | MINNLAND LTD LIABILITY CO | APARTMENT | $521,000 | 45 ft |
| 3325 2ND AVE S MINNEAPOLIS MN 55408 | RAMIA A ALI | RESIDENTIAL | $286,000 | 90 ft |
| 3341 2ND AVE S MINNEAPOLIS MN 55408 | SIGNED PAINTING INC | VACANT LAND-RESIDENTIAL | $43,000 | 90 ft |
| 3321 2ND AVE S MINNEAPOLIS MN 55408 | XAVIER'S LLC | APARTMENT | $368,000 | 135 ft |
| 3345 2ND AVE S MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 135 ft |
| 3332 3RD AVE S MINNEAPOLIS MN 55408 | FARDOWZA OMAR | RESIDENTIAL | $305,000 | 140 ft |
| 3328 3RD AVE S MINNEAPOLIS MN 55408 | JSW PROPERTIES LLC | RESIDENTIAL | $168,000 | 147 ft |
| 3336 3RD AVE S MINNEAPOLIS MN 55408 | ART INVESTMENT GROUP LLC | TRIPLEX | $705,400 | 147 ft |
| 3324 3RD AVE S MINNEAPOLIS MN 55408 | L E G AVILA & L GONZALEZ | RESIDENTIAL | $270,700 | 166 ft |
Most Recent Sale
Current Tax Year