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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
No permits found in Minneapolis open data for this parcel.
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 2,682 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3525 2ND AVE S MINNEAPOLIS MN 55408 | MPLS PUBLIC HOUSING AUTH | RESIDENTIAL | $0 | 41 ft |
| 3533 2ND AVE S MINNEAPOLIS MN 55408 | KANATA PROPERTIES LLP | APARTMENT | $1,170,000 | 42 ft |
| 3537 2ND AVE S MINNEAPOLIS MN 55408 | DRIFTMERE REVOCABLE TRUST | RESIDENTIAL-TWO UNIT | $334,200 | 85 ft |
| 3521 2ND AVE S MINNEAPOLIS MN 55408 | SOUTHSIDE COMMUNITY L P | LOW INCOME RENTAL | $1,157,000 | 94 ft |
| 3528 3RD AVE S MINNEAPOLIS MN 55408 | LEONEL TOLEDANO | RESIDENTIAL-TWO UNIT | $345,200 | 141 ft |
| 3524 3RD AVE S MINNEAPOLIS MN 55408 | MAYRA E CABRERA MORA | RESIDENTIAL-TWO UNIT | $350,000 | 147 ft |
| 3532 3RD AVE S MINNEAPOLIS MN 55408 | M REZVANI & M DECORA | RESIDENTIAL | $353,000 | 147 ft |
| 3543 2ND AVE S MINNEAPOLIS MN 55408 | ZHI XIAN LIN & WEI YU CHEN | APARTMENT | $434,000 | 148 ft |
| 3515 2ND AVE S MINNEAPOLIS MN 55408 | GT 3515 LLC | APARTMENT | $1,705,000 | 157 ft |
| 3520 3RD AVE S MINNEAPOLIS MN 55408 | MCHENNEPIN INC | RESIDENTIAL | $164,000 | 164 ft |
Most Recent Sale
Current Tax Year