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.
2 permits on record since 2023 · $10 total declared value · Most recent: May 2025 (res)
CenterPoint Energy Resource Corp
High Caliber Building and Remodeling
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 2,912 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2641 QUEEN AVE N MINNEAPOLIS MN 55411 | NORMAN W PARKER | RESIDENTIAL | $223,800 | 43 ft |
| 2633 QUEEN AVE N MINNEAPOLIS MN 55411 | CHURCH OF ST ANNE | VACANT LAND-RESIDENTIAL | $0 | 43 ft |
| 2647 QUEEN AVE N MINNEAPOLIS MN 55411 | M O P ZOTAMBO/N L T VASQUEZ | RESIDENTIAL | $189,000 | 86 ft |
| 2651 QUEEN AVE N MINNEAPOLIS MN 55411 | JAMIE JADER | RESIDENTIAL | $263,600 | 129 ft |
| 2634 RUSSELL AVE N MINNEAPOLIS MN 55411 | PEOPLE SERVING PEOPLE INC | APARTMENT | $0 | 143 ft |
| 2640 RUSSELL AVE N MINNEAPOLIS MN 55411 | HAWIE TUFA & MEO MUDI | RESIDENTIAL | $314,000 | 149 ft |
| 2644 RUSSELL AVE N MINNEAPOLIS MN 55411 | J C CHADWICK & G S CHADWICK | RESIDENTIAL | $169,000 | 166 ft |
| 2655 QUEEN AVE N MINNEAPOLIS MN 55411 | W A & E S HARPER | RESIDENTIAL | $233,500 | 172 ft |
| 2638 QUEEN AVE N MINNEAPOLIS MN 55411 | E GUNDERSON & J BROCKEL | RESIDENTIAL | $207,900 | 188 ft |
| 2634 QUEEN AVE N MINNEAPOLIS MN 55411 | J C & A L SNODDY | RESIDENTIAL | $240,900 | 189 ft |
Most Recent Sale
Current Tax Year