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 ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2023 · $6K total declared value · Most recent: Dec 2024 (res)
DEN-MARK PLUMBING INC
CENTERPOINT ENERGY
ELDON CONSTRUCTION INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Jordan · 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
Residential Mixed-Use 1 — low-density mixed 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 2,628 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2943 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-APARTMENT | $0 | 40 ft |
| 2933 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 40 ft |
| 2947 PENN AVE N MINNEAPOLIS MN 55411 | IRELAND HOMES SF V LLC | RESIDENTIAL | $210,100 | 80 ft |
| 2931 PENN AVE N MINNEAPOLIS MN 55411 | MEE VANG & CHUE YEE XIONG | RESIDENTIAL | $213,000 | 80 ft |
| 2951 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 120 ft |
| 2925 PENN AVE N MINNEAPOLIS MN 55411 | YIA N VANG | RESIDENTIAL-TWO UNIT | $266,300 | 120 ft |
| 2938 QUEEN AVE N MINNEAPOLIS MN 55411 | RYAN BRADLY MARSHALL | RESIDENTIAL | $184,000 | 139 ft |
| 2934 QUEEN AVE N MINNEAPOLIS MN 55411 | TASHA NEMBHARD | RESIDENTIAL | $297,300 | 145 ft |
| 2942 QUEEN AVE N MINNEAPOLIS MN 55411 | STEPHEN B POPE & ANN POPE | RESIDENTIAL | $215,000 | 145 ft |
| 2955 PENN AVE N MINNEAPOLIS MN 55411 | M&M STAFFING LLC | RESIDENTIAL-TWO UNIT | $77,000 | 160 ft |
Most Recent Sale
Current Tax Year