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.
3 permits on record since 2018 · $22K total declared value · Most recent: Sep 2023 (misc)
Elite Restoration Pro LLC
K-DESIGNERS
CENTERPOINT ENERGY
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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,133 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3228 4TH AVE S MINNEAPOLIS MN 55408 | ADELE HART | RESIDENTIAL-TWO UNIT | $403,600 | 45 ft |
| 3236 4TH AVE S MINNEAPOLIS MN 55408 | P L LOOKING ELK SUBJ/LE | RESIDENTIAL | $207,000 | 45 ft |
| 3224 4TH AVE S MINNEAPOLIS MN 55408 | J MAGNER & D L MAGNER | RESIDENTIAL | $274,000 | 90 ft |
| 3242 4TH AVE S MINNEAPOLIS MN 55408 | BUILDUP ASSETS 61ST AV LLC | RESIDENTIAL | $202,000 | 90 ft |
| 3220 4TH AVE S MINNEAPOLIS MN 55408 | C MOSER & W HAWKINSON | RESIDENTIAL-TWO UNIT | $356,400 | 136 ft |
| 3244 4TH AVE S MINNEAPOLIS MN 55408 | JAMES W WEATHERLY | RESIDENTIAL | $209,000 | 136 ft |
| 3233 CLINTON AVE MINNEAPOLIS MN 55408 | L P TIERNEY & K A TOWNER | RESIDENTIAL | $199,500 | 140 ft |
| 3237 CLINTON AVE MINNEAPOLIS MN 55408 | JOYCELYN MOORE | RESIDENTIAL | $325,900 | 148 ft |
| 3229 CLINTON AVE MINNEAPOLIS MN 55408 | LUIS BERMEJO-GUAMAN | RESIDENTIAL | $310,200 | 148 ft |
| 3225 CLINTON AVE MINNEAPOLIS MN 55408 | DAVID J HANSON | RESIDENTIAL-TWO UNIT | $364,500 | 167 ft |
Current Tax Year