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 2025 · $42K total declared value · Most recent: Mar 2025 (roofwind)
RAYCO CONSTRUCTION INC
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 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 2,821 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3117 ALDRICH AVE S MINNEAPOLIS MN 55408 | RODOLFO DIAZ | RESIDENTIAL-TWO UNIT | $534,000 | 46 ft |
| 3121 ALDRICH AVE S MINNEAPOLIS MN 55408 | CHAD M KLEHR | RESIDENTIAL-TWO UNIT | $482,700 | 92 ft |
| 715 31ST ST W MINNEAPOLIS MN 55408 | DYNAMIC HEALTH CONCEPTS INC | MED/CARE FACILITY | $2,545,000 | 94 ft |
| 3101 ALDRICH AVE S MINNEAPOLIS MN 55408 | CAPGROW HLDG JV SUB VIII LLC | APARTMENT | $900,000 | 98 ft |
| 3112 LYNDALE AVE S MINNEAPOLIS MN 55408 | J B WILLIAMS & N L O'CONNELL | RESIDENTIAL-TWO UNIT | $370,500 | 130 ft |
| 3116 LYNDALE AVE S MINNEAPOLIS MN 55408 | JOSHUA WILLIAMS | RESIDENTIAL-TWO UNIT | $400,300 | 138 ft |
| 3125 ALDRICH AVE S MINNEAPOLIS MN 55408 | ALDRICH PROPERTIES LLC | APARTMENT | $882,000 | 138 ft |
| 3108 LYNDALE AVE S MINNEAPOLIS MN 55408 | JASON J KROGSENG | RESIDENTIAL-TWO UNIT | $350,100 | 139 ft |
| 3120 LYNDALE AVE S MINNEAPOLIS MN 55408 | JAVIER MEDRANO-PENAFIEL ETAL | RESIDENTIAL | $537,000 | 159 ft |
| 3104 LYNDALE AVE S MINNEAPOLIS MN 55408 | HEART OF UPTOWN LYNDALE AVE | LOW INCOME RENTAL | $711,500 | 160 ft |
Most Recent Sale
Current Tax Year