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.
6 permits on record since 2021 · $119K total declared value · Most recent: Nov 2025 (res)
MH Plumbing Inc
4Front Energy Solutions Inc
Twin Cities Habitat for Humanity Inc
MH Plumbing Inc
Twin Cities Habitat for Humanity 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
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 2,855 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 |
| 3512 3RD AVE S MINNEAPOLIS MN 55408 | CINDY D VIGIL SANDOVAL | RESIDENTIAL | $327,500 | 42 ft |
| 3500 3RD AVE S MINNEAPOLIS MN 55408 | P ENGSTROM & S ENGSTROM | RESIDENTIAL | $243,300 | 84 ft |
| 3516 3RD AVE S MINNEAPOLIS MN 55408 | JOY ELAINE MARSH | RESIDENTIAL | $498,000 | 84 ft |
| 3520 3RD AVE S MINNEAPOLIS MN 55408 | MCHENNEPIN INC | RESIDENTIAL | $164,000 | 126 ft |
| 3509 2ND AVE S MINNEAPOLIS MN 55408 | INVEST MINNEAPOLIS I LLC | APARTMENT | $2,165,300 | 141 ft |
| 3505 2ND AVE S MINNEAPOLIS MN 55408 | INVEST MINNEAPOLIS I LLC | APARTMENT | $2,166,300 | 147 ft |
| 3515 2ND AVE S MINNEAPOLIS MN 55408 | GT 3515 LLC | APARTMENT | $1,705,000 | 150 ft |
| 3501 2ND AVE S MINNEAPOLIS MN 55408 | INVEST MINNEAPOLIS I LLC | APARTMENT | $2,166,300 | 164 ft |
| 3524 3RD AVE S MINNEAPOLIS MN 55408 | MAYRA E CABRERA MORA | RESIDENTIAL-TWO UNIT | $350,000 | 168 ft |
Most Recent Sale
Current Tax Year