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.
1 permit on record since 2024 · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
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 2,809 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3321 5TH AVE S MINNEAPOLIS MN 55408 | OLIVER MEDLOCK ETAL | RESIDENTIAL | $208,000 | 45 ft |
| 3315 5TH AVE S MINNEAPOLIS MN 55408 | C D B MONTACHANA ET AL | RESIDENTIAL-TWO UNIT | $293,700 | 45 ft |
| 3325 5TH AVE S MINNEAPOLIS MN 55408 | SERGIO BENITEX MARTINEZ | RESIDENTIAL | $199,000 | 90 ft |
| 3311 5TH AVE S MINNEAPOLIS MN 55408 | PN15, LLC | RESIDENTIAL-TWO UNIT | $313,700 | 90 ft |
| 3316 PORTLAND AVE MINNEAPOLIS MN 55407 | NICHOLAS BOCKEY | RESIDENTIAL-TWO UNIT | $369,500 | 131 ft |
| 3329 5TH AVE S MINNEAPOLIS MN 55408 | FANNY B VAZQUES CRESPO | TRIPLEX | $308,600 | 136 ft |
| 3305 5TH AVE S MINNEAPOLIS MN 55408 | M A CHICAIZA & M E CHICAIZA | RESIDENTIAL-TWO UNIT | $231,000 | 136 ft |
| 3312 PORTLAND AVE MINNEAPOLIS MN 55407 | C C WILSON & A S WYCKOFF | RESIDENTIAL | $376,000 | 139 ft |
| 3320 PORTLAND AVE MINNEAPOLIS MN 55407 | K A & I BALL | RESIDENTIAL | $395,000 | 139 ft |
| 3324 PORTLAND AVE MINNEAPOLIS MN 55407 | G PETRIE/A MORZENTI/A KOZMA | RESIDENTIAL | $380,700 | 160 ft |
Most Recent Sale
Current Tax Year