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.
2 permits on record since 2024 · $11K total declared value · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
SELA ROOFING AND REMODELING 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 5,109 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3225 3RD AVE S MINNEAPOLIS MN 55408 | DYLAN L ALVERSON | RESIDENTIAL | $198,000 | 57 ft |
| 3237 3RD AVE S MINNEAPOLIS MN 55408 | ALIZA ALVERSON | RESIDENTIAL-TWO UNIT | $370,300 | 68 ft |
| 3221 3RD AVE S MINNEAPOLIS MN 55408 | J A ANDERSON/K G GILBERTOSON | RESIDENTIAL | $471,000 | 102 ft |
| 3243 3RD AVE S MINNEAPOLIS MN 55408 | TRUNG PHAM | RESIDENTIAL-TWO UNIT | $329,800 | 124 ft |
| 3228 CLINTON AVE MINNEAPOLIS MN 55408 | JUANDA SALLET | RESIDENTIAL | $292,000 | 140 ft |
| 3232 CLINTON AVE MINNEAPOLIS MN 55408 | DAVID ALCUIN TAUER | RESIDENTIAL-TWO UNIT | $303,000 | 144 ft |
| 3217 3RD AVE S MINNEAPOLIS MN 55408 | FAITH LIA HER | RESIDENTIAL-TWO UNIT | $235,400 | 147 ft |
| 3224 CLINTON AVE MINNEAPOLIS MN 55408 | VICTOR J BRAVO DOMINGUEZ | RESIDENTIAL | $293,000 | 151 ft |
| 3236 CLINTON AVE MINNEAPOLIS MN 55408 | VERONICA MENDEZ | RESIDENTIAL | $339,000 | 161 ft |
| 3245 3RD AVE S MINNEAPOLIS MN 55408 | ANTHONY DEWAYNE PLEDGER | APARTMENT | $415,000 | 170 ft |
Most Recent Sale
Current Tax Year