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.
7 permits on record since 2017 · $63K total declared value · Most recent: Apr 2026 (existres)
Standard Heating and Air Conditioning Inc
Norblom Plumbing Co
Norblom Plumbing Co
Pete Engstrom
Standard Heating and Air Conditioning 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 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 2,586 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3504 3RD AVE S MINNEAPOLIS MN 55408 | R M SCHMID & J L LAMBERT | RESIDENTIAL | $320,600 | 42 ft |
| 3508 3RD AVE S MINNEAPOLIS MN 55408 | T C HABITAT FOR HUMANITY INC | RESIDENTIAL | $308,000 | 84 ft |
| 3450 3RD AVE S MINNEAPOLIS MN 55408 | DARRILL BRUCE BERRY | RESIDENTIAL-TWO UNIT | $470,000 | 102 ft |
| 3512 3RD AVE S MINNEAPOLIS MN 55408 | CINDY D VIGIL SANDOVAL | RESIDENTIAL | $327,500 | 126 ft |
| 3501 2ND AVE S MINNEAPOLIS MN 55408 | INVEST MINNEAPOLIS I LLC | APARTMENT | $2,166,300 | 141 ft |
| 3448 3RD AVE S MINNEAPOLIS MN 55408 | GREGORIO OSORIO GONZALEZ | RESIDENTIAL | $292,800 | 144 ft |
| 3505 2ND AVE S MINNEAPOLIS MN 55408 | INVEST MINNEAPOLIS I LLC | APARTMENT | $2,166,300 | 147 ft |
| 3509 2ND AVE S MINNEAPOLIS MN 55408 | INVEST MINNEAPOLIS I LLC | APARTMENT | $2,165,300 | 164 ft |
| 3516 3RD AVE S MINNEAPOLIS MN 55408 | JOY ELAINE MARSH | RESIDENTIAL | $498,000 | 168 ft |
| 3453 2ND AVE S MINNEAPOLIS MN 55408 | CLARA MARTINEZ PONCE | RESIDENTIAL | $258,500 | 174 ft |
Most Recent Sale
Current Tax Year