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.
3 permits on record since 2017 · $3K total declared value · Most recent: Sep 2025 (commercial minor)
Water Heaters Now Inc
H2C Inc
H2C 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 1094
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 2,934 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3440 PORTLAND AVE MINNEAPOLIS MN 55407 | E FRAZIER/A FRAZIER ET AL | RESIDENTIAL-TWO UNIT | $543,300 | 45 ft |
| 3450 PORTLAND AVE MINNEAPOLIS MN 55407 | PN2 LLC | APARTMENT | $1,026,000 | 63 ft |
| 3436 PORTLAND AVE MINNEAPOLIS MN 55407 | SOVEREIGN INVESTMENTS INC | RESIDENTIAL | $194,000 | 87 ft |
| 3432 PORTLAND AVE MINNEAPOLIS MN 55407 | MATHEW SAWYER | RESIDENTIAL | $394,000 | 129 ft |
| 3445 5TH AVE S MINNEAPOLIS MN 55408 | D KLEIN & S SHIMOTA | RESIDENTIAL | $256,000 | 133 ft |
| 3449 5TH AVE S MINNEAPOLIS MN 55408 | SOVEREIGN INVESTMENTS INC | RESIDENTIAL | $254,900 | 139 ft |
| 3441 5TH AVE S MINNEAPOLIS MN 55408 | DANIEL R KLEIN/SARAH C KLEIN | TRIPLEX | $441,500 | 141 ft |
| 3453 5TH AVE S MINNEAPOLIS MN 55408 | LEONARD FORBES | RESIDENTIAL | $343,500 | 156 ft |
| 3437 5TH AVE S MINNEAPOLIS MN 55408 | R ARNEBERG & M ARNEBERG | RESIDENTIAL-TWO UNIT | $406,300 | 159 ft |
| 3428 PORTLAND AVE MINNEAPOLIS MN 55407 | MATHEW BRUTGER | RESIDENTIAL | $274,000 | 171 ft |
Most Recent Sale
Current Tax Year