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 ↗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 ↗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 2017 · $306K total declared value · Most recent: May 2017 (remodel)
DAVES AB CONSTRUCTION INC
Ryan Plumbing and Heating
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 84
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 4,599 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3224 PORTLAND AVE MINNEAPOLIS MN 55407 | GOOD DOMUS DUO LLC | RESIDENTIAL | $191,000 | 57 ft |
| 3212 PORTLAND AVE MINNEAPOLIS MN 55407 | HNN PROPERTIES LLC | CONDOMINIUM | $125,000 | 68 ft |
| 3212 PORTLAND AVE MINNEAPOLIS MN 55407 | HNN PROPERTIES LLC | CONDOMINIUM | $159,000 | 68 ft |
| 3212 PORTLAND AVE MINNEAPOLIS MN 55407 | HNN PROPERTIES LLC | CONDOMINIUM | $202,000 | 68 ft |
| MN | Unknown | — | — | 68 ft |
| 3228 PORTLAND AVE MINNEAPOLIS MN 55407 | KYLE OOSTRA & JULIE OOSTRA | RESIDENTIAL | $454,000 | 102 ft |
| 3208 PORTLAND AVE MINNEAPOLIS MN 55407 | NICHOLAS BOCKEY | TRIPLEX | $523,700 | 123 ft |
| 3221 5TH AVE S MINNEAPOLIS MN 55408 | L E R NARANJO/S A ROMERO | RESIDENTIAL-TWO UNIT | $288,900 | 132 ft |
| 3217 5TH AVE S MINNEAPOLIS MN 55408 | REID WAGNER & MADEE WEISNER | RESIDENTIAL | $254,300 | 136 ft |
| 3225 5TH AVE S MINNEAPOLIS MN 55408 | R P KEARNEY & W M DIERCKS | RESIDENTIAL | $232,400 | 143 ft |
Most Recent Sale
Current Tax Year