On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2018 · Most recent: Dec 2018 (res)
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Folwell · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1008
Zip code 55412
Source: Redfin Data Center (Invalid Date) · Zip 55412
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 3-story wood frame (5–12 units) benchmarks for 3,729 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3542 PENN AVE N MINNEAPOLIS MN 55412 | GS NMINN HOLDINGS LLC | APARTMENT | $436,000 | 53 ft |
| 3534 PENN AVE N MINNEAPOLIS MN 55412 | GS NMINN HOLDINGS LLC | APARTMENT | $432,000 | 54 ft |
| 3550 PENN AVE N MINNEAPOLIS MN 55412 | GS NMINN HOLDINGS LLC | APARTMENT | $104,300 | 107 ft |
| 3528 PENN AVE N MINNEAPOLIS MN 55412 | GS NMINN HOLDINGS LLC | APARTMENT | $432,000 | 111 ft |
| 3539 OLIVER AVE N MINNEAPOLIS MN 55412 | DARNELL SCONIERS | RESIDENTIAL | $146,000 | 138 ft |
| 3543 OLIVER AVE N MINNEAPOLIS MN 55412 | SHA'DAESHA BEEKS | RESIDENTIAL | $360,000 | 142 ft |
| 3535 OLIVER AVE N MINNEAPOLIS MN 55412 | CHENG MOUA | RESIDENTIAL | $103,000 | 146 ft |
| 3554 PENN AVE N MINNEAPOLIS MN 55412 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 154 ft |
| 3547 OLIVER AVE N MINNEAPOLIS MN 55412 | REALTY PROS LLC | RESIDENTIAL | $145,000 | 156 ft |
| 3531 OLIVER AVE N MINNEAPOLIS MN 55412 | I C ROJAS & W C RUBIO | RESIDENTIAL | $131,000 | 164 ft |
Most Recent Sale
Current Tax Year