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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 · $11K total declared value · Most recent: Jun 2024 (roofwind)
MAINTENANCE FREE MINNESOTA 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 sfr / adu benchmarks for 852 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3305 2ND AVE S MINNEAPOLIS MN 55408 | M J BURR & R J KIRBY | RESIDENTIAL | $294,000 | 46 ft |
| 3309 2ND AVE S MINNEAPOLIS MN 55408 | TOLLIE J FLIPPIN JR | RESIDENTIAL-TWO UNIT | $330,900 | 91 ft |
| 3249 2ND AVE S MINNEAPOLIS MN 55408 | RRE VENTURES LLC | RESIDENTIAL | $170,500 | 118 ft |
| 3315 2ND AVE S MINNEAPOLIS MN 55408 | RUBY S HEMPHILL-BONNER | RESIDENTIAL-TWO UNIT | $382,700 | 136 ft |
| 3300 3RD AVE S MINNEAPOLIS MN 55408 | D M SCHAEFER & Z L SCHAEFER | RESIDENTIAL-TWO UNIT | $298,300 | 140 ft |
| 3304 3RD AVE S MINNEAPOLIS MN 55408 | CARLOS CUESTRA PILLAGA | RESIDENTIAL | $256,700 | 147 ft |
| 3308 3RD AVE S MINNEAPOLIS MN 55408 | EMMA TORZS | RESIDENTIAL | $333,600 | 167 ft |
| 3248 3RD AVE S MINNEAPOLIS MN 55408 | JENNA M WOLLITZ | RESIDENTIAL | $281,100 | 176 ft |
| 3317 2ND AVE S MINNEAPOLIS MN 55408 | C R J RIERA & T D I MERCHAN | TRIPLEX | $321,800 | 181 ft |
| 3241 2ND AVE S MINNEAPOLIS MN 55408 | K DURAI & R KAMALASEGARAN | RESIDENTIAL | $297,000 | 188 ft |
Most Recent Sale
Current Tax Year