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 2021 · $48K total declared value · Most recent: Jul 2025 (misc)
Sedgwick Exteriors
CenterPoint Energy Resource Corp
MN Plumbing & Home Services 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 83
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 3,131 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3317 3RD AVE S MINNEAPOLIS MN 55408 | GABRIELLA DEYANIRA PEPPARD | RESIDENTIAL | $340,200 | 45 ft |
| 3325 3RD AVE S MINNEAPOLIS MN 55408 | MARK A KLEIN | RESIDENTIAL | $230,000 | 45 ft |
| 3313 3RD AVE S MINNEAPOLIS MN 55408 | M R SMITH & L B TOMLINSON | RESIDENTIAL | $328,500 | 90 ft |
| 3329 3RD AVE S MINNEAPOLIS MN 55408 | S E A GAVILAN & R A GAVILAN | RESIDENTIAL | $362,000 | 90 ft |
| 3309 3RD AVE S MINNEAPOLIS MN 55408 | DEBORAH JOHNSON/LISA SALONEK | RESIDENTIAL | $265,800 | 136 ft |
| 3333 3RD AVE S MINNEAPOLIS MN 55408 | J GIORDANO & K REHANI | RESIDENTIAL | $358,000 | 136 ft |
| 3322 CLINTON AVE MINNEAPOLIS MN 55408 | JASON REINEN/JENNIFER REINEN | RESIDENTIAL-TWO UNIT | $294,200 | 140 ft |
| 3316 CLINTON AVE MINNEAPOLIS MN 55408 | THOMAS T CAO | RESIDENTIAL-TWO UNIT | $314,300 | 148 ft |
| 3324 CLINTON AVE MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 148 ft |
| 3312 CLINTON AVE MINNEAPOLIS MN 55408 | C CASTELLANO & L DELACRUZ | RESIDENTIAL-TWO UNIT | $416,100 | 167 ft |
Most Recent Sale
Current Tax Year