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.
6 permits on record since 2009 · $82K total declared value · Most recent: Mar 2025 (existres)
Air Craft Mechanical LLP
Air Craft Mechanical LLP
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Molina General Contractors 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 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 2,800 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3243 5TH AVE S MINNEAPOLIS MN 55408 | OTIS FERGUSON | RESIDENTIAL | $352,000 | 45 ft |
| 3233 5TH AVE S MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 45 ft |
| 3245 5TH AVE S MINNEAPOLIS MN 55408 | EZEQUIEL V HONORATO ET AL | RESIDENTIAL | $248,200 | 90 ft |
| 3229 5TH AVE S MINNEAPOLIS MN 55408 | PARK AVE HOMES LLC | LOW INCOME RENTAL | $258,100 | 90 ft |
| 3236 PORTLAND AVE MINNEAPOLIS MN 55407 | J HOGLUND & A HOGLUND | RESIDENTIAL | $371,000 | 131 ft |
| 3249 5TH AVE S MINNEAPOLIS MN 55408 | ALBERTO BELTRAN-VARGAS ETAL | RESIDENTIAL | $310,400 | 135 ft |
| 3225 5TH AVE S MINNEAPOLIS MN 55408 | R P KEARNEY & W M DIERCKS | RESIDENTIAL | $232,400 | 136 ft |
| 3232 PORTLAND AVE MINNEAPOLIS MN 55407 | KYLE OOSTRA & JULIE OOSTRA | VACANT LAND-RESIDENTIAL | $38,000 | 139 ft |
| 3240 PORTLAND AVE MINNEAPOLIS MN 55407 | SEGUNDO C CHACHIPANTA | RESIDENTIAL-TWO UNIT | $457,300 | 143 ft |
| 3228 PORTLAND AVE MINNEAPOLIS MN 55407 | KYLE OOSTRA & JULIE OOSTRA | RESIDENTIAL | $454,000 | 159 ft |
Most Recent Sale
Current Tax Year