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.
13 permits on record since 2006 · $1.4M total declared value · Most recent: Mar 2026 (commfdnr)
Davis Mechanical Systems, Inc.
Kraft Mechanical
JPMI CONSTRUCTION CO
Kraft Mechanical
CONSTRUCTION RESULTS 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 1094
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Urban Neighborhood 3 — medium-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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3429 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MPLS PK & REC BOARD | VACANT LAND-RESIDENTIAL | $0 | 301 ft |
| 3427 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MPLS PK & REC BD | VACANT LAND-RESIDENTIAL | $0 | 301 ft |
| 3433 3RD AVE S MINNEAPOLIS MN 55408 | CITY MPLS PARK & REC BOARD | VACANT LAND-RESIDENTIAL | $0 | 307 ft |
| 3421 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MINNEAPOLIS PK BOARD | VACANT LAND-RESIDENTIAL | $0 | 307 ft |
| 3437 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MINNEAPOLIS PK BOARD | VACANT LAND-RESIDENTIAL | $0 | 318 ft |
| 3417 3RD AVE S MINNEAPOLIS MN 55408 | MPLS PARK & RECREATION BOARD | VACANT LAND-RESIDENTIAL | $0 | 318 ft |
| 3441 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 334 ft |
| 3413 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MPLS - PARK & REC BD | VACANT LAND-RESIDENTIAL | $0 | 335 ft |
| 3445 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 355 ft |
| 3409 3RD AVE S MINNEAPOLIS MN 55408 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 355 ft |
Current Tax Year