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.
1 permit on record since 2025 · $30K total declared value · Most recent: Mar 2025 (misc)
Lionheart Building & Consultants
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2647 RUSSELL AVE N MINNEAPOLIS MN 55411 | LOR YANG & CINDY BLIA LY | RESIDENTIAL | $451,000 | 43 ft |
| 2639 RUSSELL AVE N MINNEAPOLIS MN 55411 | BARBARA A HOLLIS REV TRUST | RESIDENTIAL | $249,200 | 43 ft |
| 2651 RUSSELL AVE N MINNEAPOLIS MN 55411 | F LEGRAND & D C LEGRAND | RESIDENTIAL | $254,600 | 86 ft |
| 2635 RUSSELL AVE N MINNEAPOLIS MN 55411 | DANLEN PROPERTIES LLC | RESIDENTIAL | $176,700 | 86 ft |
| 2655 RUSSELL AVE N MINNEAPOLIS MN 55411 | ENRIQUE CUATE BENITEZ | VACANT LAND-RESIDENTIAL | $17,000 | 129 ft |
| 2640 SHERIDAN AVE N MINNEAPOLIS MN 55411 | P S P MARQUEZ & E A S GOYES | RESIDENTIAL | $155,700 | 142 ft |
| 2636 SHERIDAN AVE N MINNEAPOLIS MN 55411 | DANIEL ROTHER | RESIDENTIAL | $137,600 | 148 ft |
| 2644 SHERIDAN AVE N MINNEAPOLIS MN 55411 | METRO HOMES LLC | RESIDENTIAL | $211,300 | 148 ft |
| 2632 SHERIDAN AVE N MINNEAPOLIS MN 55411 | RON WEBLER | RESIDENTIAL | $200,000 | 166 ft |
| 2648 SHERIDAN AVE N MINNEAPOLIS MN 55411 | VICKIE L FREDIN | RESIDENTIAL | $146,000 | 166 ft |
Current Tax Year