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.
4 permits on record since 2022 · $9K total declared value · Most recent: May 2025 (res)
CenterPoint Energy Resource Corp
RAM CONSTRUCTION OF THE TWIN CITIES
Keith D Malmer
Residential Heating and Air Conditioning 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
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 2,822 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3023 SHERIDAN AVE N MINNEAPOLIS MN 55411 | KL MN 2 LLC | RESIDENTIAL | $153,800 | 42 ft |
| 3015 SHERIDAN AVE N MINNEAPOLIS MN 55411 | M&M STAFFING LLC | RESIDENTIAL | $200,500 | 42 ft |
| 3011 SHERIDAN AVE N MINNEAPOLIS MN 55411 | DUNG VAN PHAN | RESIDENTIAL | $152,700 | 84 ft |
| 3027 SHERIDAN AVE N MINNEAPOLIS MN 55411 | BUSISIWE LEDIBANE HANDS | RESIDENTIAL | $211,000 | 85 ft |
| 3031 SHERIDAN AVE N MINNEAPOLIS MN 55411 | PAMELA J KORMYLO | RESIDENTIAL | $109,000 | 127 ft |
| 3007 SHERIDAN AVE N MINNEAPOLIS MN 55411 | PREMRAJSINGH RAMSAROOP | RESIDENTIAL | $198,500 | 127 ft |
| 3018 THOMAS AVE N MINNEAPOLIS MN 55411 | JANA SAMBELASHVILI | RESIDENTIAL | $170,400 | 141 ft |
| 3014 THOMAS AVE N MINNEAPOLIS MN 55411 | SONIA MENDEZ CABRERA | RESIDENTIAL | $161,200 | 147 ft |
| 3022 THOMAS AVE N MINNEAPOLIS MN 55411 | DANMARK PROPERTIES LLC | RESIDENTIAL | $143,400 | 148 ft |
| 3010 THOMAS AVE N MINNEAPOLIS MN 55411 | P A ROMERO & E A O ESPINOZA | RESIDENTIAL | $150,600 | 164 ft |
Most Recent Sale
Current Tax Year