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.
1 permit on record since 2024 · Most recent: Feb 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 83
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,827 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3305 3RD AVE S MINNEAPOLIS MN 55408 | ARNE JOHANSSON | VACANT LAND-RESIDENTIAL | $48,000 | 45 ft |
| 3309 3RD AVE S MINNEAPOLIS MN 55408 | DEBORAH JOHNSON/LISA SALONEK | RESIDENTIAL | $265,800 | 90 ft |
| 3249 3RD AVE S MINNEAPOLIS MN 55408 | PATRICIA M CASAGRANDE | APARTMENT | $521,000 | 105 ft |
| 3313 3RD AVE S MINNEAPOLIS MN 55408 | M R SMITH & L B TOMLINSON | RESIDENTIAL | $328,500 | 135 ft |
| 3300 CLINTON AVE MINNEAPOLIS MN 55408 | AGJRA LLC | RESIDENTIAL-TWO UNIT | $429,900 | 140 ft |
| 3304 CLINTON AVE MINNEAPOLIS MN 55408 | FERNANDO QUINTAS | RESIDENTIAL | $413,800 | 147 ft |
| 3245 3RD AVE S MINNEAPOLIS MN 55408 | ANTHONY DEWAYNE PLEDGER | APARTMENT | $415,000 | 150 ft |
| 3310 CLINTON AVE MINNEAPOLIS MN 55408 | VICTOR HUGO & SANDRA MENDOZA | RESIDENTIAL | $203,700 | 167 ft |
| 3248 CLINTON AVE MINNEAPOLIS MN 55408 | EMMA M ESCOBAR | RESIDENTIAL | $222,000 | 175 ft |
| 3317 3RD AVE S MINNEAPOLIS MN 55408 | GABRIELLA DEYANIRA PEPPARD | RESIDENTIAL | $340,200 | 181 ft |
Most Recent Sale
Current Tax Year