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 ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗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 ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗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 1013
Zip code 55411
Source: Redfin Data Center (Invalid Date) · Zip 55411
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 2,639 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2947 RUSSELL AVE N MINNEAPOLIS MN 55411 | J M NUNEZ & L F DEGANTE | RESIDENTIAL | $225,500 | 40 ft |
| 2939 RUSSELL AVE N MINNEAPOLIS MN 55411 | CAG MINNESOTA FUND I LLC | RESIDENTIAL | $185,900 | 40 ft |
| 2949 RUSSELL AVE N MINNEAPOLIS MN 55411 | ABSHIRO JAMA/ABDULKADIR ILMI | RESIDENTIAL | $285,000 | 80 ft |
| 2935 RUSSELL AVE N MINNEAPOLIS MN 55411 | FELICITAS POPOCA | RESIDENTIAL | $176,100 | 80 ft |
| 2955 RUSSELL AVE N MINNEAPOLIS MN 55411 | LINARA & ELDAR SAYFULLAEV | VACANT LAND-RESIDENTIAL | $15,000 | 120 ft |
| 2931 RUSSELL AVE N MINNEAPOLIS MN 55411 | LARRY E ARMSTRONG ETAL | RESIDENTIAL | $173,400 | 120 ft |
| 2942 SHERIDAN AVE N MINNEAPOLIS MN 55411 | Z AND N HOMES LLC | RESIDENTIAL | $244,000 | 142 ft |
| 2938 SHERIDAN AVE N MINNEAPOLIS MN 55411 | D SCHMIDT & E SCHMIDT | RESIDENTIAL | $300,000 | 147 ft |
| 2946 SHERIDAN AVE N MINNEAPOLIS MN 55411 | R & D SCOTT | RESIDENTIAL | $213,900 | 147 ft |
| 2957 RUSSELL AVE N MINNEAPOLIS MN 55411 | MARY XIONG | RESIDENTIAL | $315,000 | 159 ft |
Most Recent Sale
Current Tax Year