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 ↗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 ↗Signals are based on public datasets; program eligibility requires verification.
6 permits on record since 2008 · $135K total declared value · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
Edina Heating and Cooling Inc
Gilbert Mechanical Contractors LLC
Yale Mechanical
Farr Plumbing and Heating LLC
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 2,824 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3245 3RD AVE S MINNEAPOLIS MN 55408 | ANTHONY DEWAYNE PLEDGER | APARTMENT | $415,000 | 45 ft |
| 3243 3RD AVE S MINNEAPOLIS MN 55408 | TRUNG PHAM | RESIDENTIAL-TWO UNIT | $329,800 | 90 ft |
| 3301 3RD AVE S MINNEAPOLIS MN 55408 | TOLLIE J FLIPPIN JR | RESIDENTIAL-TWO UNIT | $280,200 | 105 ft |
| 3248 CLINTON AVE MINNEAPOLIS MN 55408 | EMMA M ESCOBAR | RESIDENTIAL | $222,000 | 140 ft |
| 3244 CLINTON AVE MINNEAPOLIS MN 55408 | J A PESANTEZ & E PESANTEZ | RESIDENTIAL | $262,000 | 147 ft |
| 3237 3RD AVE S MINNEAPOLIS MN 55408 | ALIZA ALVERSON | RESIDENTIAL-TWO UNIT | $370,300 | 147 ft |
| 3305 3RD AVE S MINNEAPOLIS MN 55408 | ARNE JOHANSSON | VACANT LAND-RESIDENTIAL | $48,000 | 150 ft |
| 3240 CLINTON AVE MINNEAPOLIS MN 55408 | TOLLIE J FLIPPIN JR | RESIDENTIAL-TWO UNIT | $303,700 | 167 ft |
| 3300 CLINTON AVE MINNEAPOLIS MN 55408 | AGJRA LLC | RESIDENTIAL-TWO UNIT | $429,900 | 176 ft |
| 3248 3RD AVE S MINNEAPOLIS MN 55408 | JENNA M WOLLITZ | RESIDENTIAL | $281,100 | 194 ft |
Most Recent Sale
Current Tax Year