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 ↗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 ↗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 2017 · $38K total declared value · Most recent: May 2017 (remodel)
SVK DEVELOPMENT LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
South Uptown · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 81
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Urban Neighborhood 3 — medium-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 sfr / adu benchmarks for 383 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3015 ALDRICH AVE S MINNEAPOLIS MN 55408 | IRVING PROPERTIES INC | APARTMENT | $270,000 | 20 ft |
| 3017 ALDRICH AVE S MINNEAPOLIS MN 55408 | IRVING PROPERTIES INC | APARTMENT | $270,000 | 40 ft |
| 3019 ALDRICH AVE S MINNEAPOLIS MN 55408 | IRVING PROPERTIES INC | APARTMENT | $803,000 | 79 ft |
| 721 LAKE ST W MINNEAPOLIS MN 55408 | KIKIS KITCHEN L L C | COMMERCIAL-PREFERRED | $1,200,000 | 80 ft |
| 3012 LYNDALE AVE S MINNEAPOLIS MN 55408 | 711 LAKE STREET LLC ET AL | LAND-COMMERCIAL | $101,800 | 83 ft |
| 711 LAKE ST W MINNEAPOLIS MN 55408 | 711 LLC | COMMERCIAL-NON PREFERRED | $2,436,100 | 127 ft |
| 3012 LYNDALE AVE S MINNEAPOLIS MN 55408 | JULIUS DEROMA | COMMERCIAL-PREFERRED | $1,710,000 | 132 ft |
| 3025 ALDRICH AVE S MINNEAPOLIS MN 55408 | ALDRICH UPTOWN PROPERTIES | RESIDENTIAL-TWO UNIT | $427,200 | 141 ft |
| 3016 LYNDALE AVE S MINNEAPOLIS MN 55408 | THE AMERICAN KARA GROUP LLC | COMMERCIAL-PREFERRED | $1,643,000 | 147 ft |
| 3012 ALDRICH AVE S MINNEAPOLIS MN 55408 | 3012 ALDRICH AV EJO LLC ETAL | APARTMENT | $855,000 | 161 ft |
Most Recent Sale
Current Tax Year