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.
1 permit on record since 2024 · Most recent: Oct 2024 (res)
CenterPoint Energy Resource 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 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 3,134 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3536 3RD AVE S MINNEAPOLIS MN 55408 | NEXT GENERATIONS HOMES LLC | CONDOMINIUM | $143,000 | 0 ft |
| 3536 3RD AVE S MINNEAPOLIS MN 55408 | NEXT GENERATIONS HOMES LLC | CONDOMINIUM | $156,000 | 0 ft |
| 3536 3RD AVE S MINNEAPOLIS MN 55408 | NEXT GENERATION HOMES LLC | CONDOMINIUM | $156,000 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 3532 3RD AVE S MINNEAPOLIS MN 55408 | M REZVANI & M DECORA | RESIDENTIAL | $353,000 | 42 ft |
| 3540 3RD AVE S MINNEAPOLIS MN 55408 | EDUARDO MARTINEZ-VELASCO | RESIDENTIAL | $287,600 | 44 ft |
| 3528 3RD AVE S MINNEAPOLIS MN 55408 | LEONEL TOLEDANO | RESIDENTIAL-TWO UNIT | $345,200 | 82 ft |
| 3544 3RD AVE S MINNEAPOLIS MN 55408 | NIMO FARAH & FATIMA KAAHIYE | RESIDENTIAL | $289,000 | 86 ft |
| 3524 3RD AVE S MINNEAPOLIS MN 55408 | MAYRA E CABRERA MORA | RESIDENTIAL-TWO UNIT | $350,000 | 124 ft |
| 3548 3RD AVE S MINNEAPOLIS MN 55408 | K ZONNEFELD & C ZONNEFELD | RESIDENTIAL | $374,700 | 128 ft |
Current Tax Year