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 ↗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.
3 permits on record since 2021 · $34K total declared value · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
HOFFMAN WEBER CONSTRUCTION INC
MINNESOTA EXTERIORS 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 84
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 3,148 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3228 5TH AVE S MINNEAPOLIS MN 55408 | KATHLEEN PAULETTE MELIN | RESIDENTIAL-TWO UNIT | $234,700 | 45 ft |
| 3236 5TH AVE S MINNEAPOLIS MN 55408 | IMELDA RIOS OLIVIO | RESIDENTIAL | $259,100 | 45 ft |
| 3224 5TH AVE S MINNEAPOLIS MN 55408 | ALEXANDRA GAVILAN | RESIDENTIAL | $273,700 | 90 ft |
| 3240 5TH AVE S MINNEAPOLIS MN 55408 | ANISA M HIRSI | RESIDENTIAL | $447,000 | 90 ft |
| 3220 5TH AVE S MINNEAPOLIS MN 55408 | RONALD STEPHEN POTTS II | RESIDENTIAL | $216,000 | 136 ft |
| 3244 5TH AVE S MINNEAPOLIS MN 55408 | EDWARD P J WEINBERG | RESIDENTIAL | $347,000 | 136 ft |
| 3235 4TH AVE S MINNEAPOLIS MN 55408 | IONA B CLARK | RESIDENTIAL | $304,300 | 141 ft |
| 3239 4TH AVE S MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 148 ft |
| 3229 4TH AVE S MINNEAPOLIS MN 55408 | LIZHU WANG | RESIDENTIAL | $304,100 | 148 ft |
| 3243 4TH AVE S MINNEAPOLIS MN 55408 | B G PICHASACA & V H GRANDA | RESIDENTIAL | $328,700 | 167 ft |
Most Recent Sale
Current Tax Year