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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
10 permits on record since 2018 · $1.8M total declared value · Most recent: Jun 2022 (commfdnr)
Kraft Mechanical
Kraft Mechanical
MORCON CONSTRUCTION CO INC
Spriggs Plumbing & Heating Inc
Spriggs Plumbing & Heating Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Cleveland · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1007
Zip code 55412
Source: Redfin Data Center (Invalid Date) · Zip 55412
Residential Mixed-Use 1 — low-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3329 PENN AVE N MINNEAPOLIS MN 55412 | SPECIAL SCHOOL DISTRICT NO 1 | COMMERCIAL-PREFERRED | $0 | 86 ft |
| 3301 QUEEN AVE N MINNEAPOLIS MN 55412 | SPECIAL SCHOOL DISTRICT NO 1 | LAND-COMMERCIAL | $0 | 221 ft |
| 3328 PENN AVE N MINNEAPOLIS MN 55412 | JASON W WALLACE | RESIDENTIAL-TWO UNIT | $226,200 | 281 ft |
| 3326 PENN AVE N MINNEAPOLIS MN 55412 | LOGAN MEYER | RESIDENTIAL-TWO UNIT | $292,900 | 283 ft |
| 3334 PENN AVE N MINNEAPOLIS MN 55412 | EMMANUEL DONABY | RESIDENTIAL-TWO UNIT | $263,700 | 284 ft |
| 3322 PENN AVE N MINNEAPOLIS MN 55412 | FRANCIS SYLVESTER POOK | APARTMENT | $332,000 | 291 ft |
| 3338 PENN AVE N MINNEAPOLIS MN 55412 | E BELL & B JOHNSON | RESIDENTIAL | $182,300 | 293 ft |
| 3318 PENN AVE N MINNEAPOLIS MN 55412 | ROBERT DEHOFF & ANN DEHOFF | LOW INCOME RENTAL | $337,000 | 303 ft |
| 3342 PENN AVE N MINNEAPOLIS MN 55412 | LASENY XIONG | RESIDENTIAL | $141,000 | 306 ft |
| 3346 PENN AVE N MINNEAPOLIS MN 55412 | MARIO VERGARA MEDINA | RESIDENTIAL | $244,100 | 324 ft |
Current Tax Year