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 ↗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 ↗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 2024 · Most recent: Nov 2025 (existres)
Blue Ox Heating and Air LLC
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
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 2,543 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3327 OLIVER AVE N MINNEAPOLIS MN 55412 | H & P M JEFFERSON | RESIDENTIAL | $196,800 | 39 ft |
| 3319 OLIVER AVE N MINNEAPOLIS MN 55412 | LAURO LLAUCA | RESIDENTIAL | $161,400 | 39 ft |
| 3331 OLIVER AVE N MINNEAPOLIS MN 55412 | S GORECKI & S J GORECKI | RESIDENTIAL | $176,300 | 79 ft |
| 3315 OLIVER AVE N MINNEAPOLIS MN 55412 | ANN B KESTNER TRUST | RESIDENTIAL | $202,900 | 79 ft |
| 3335 OLIVER AVE N MINNEAPOLIS MN 55412 | STEVEN F MELDAHL | RESIDENTIAL | $70,000 | 118 ft |
| 3311 OLIVER AVE N MINNEAPOLIS MN 55412 | KEVIN GRANT & MARY GRANT | RESIDENTIAL | $180,600 | 118 ft |
| 3322 PENN AVE N MINNEAPOLIS MN 55412 | FRANCIS SYLVESTER POOK | APARTMENT | $332,000 | 138 ft |
| 3318 PENN AVE N MINNEAPOLIS MN 55412 | ROBERT DEHOFF & ANN DEHOFF | LOW INCOME RENTAL | $337,000 | 144 ft |
| 3326 PENN AVE N MINNEAPOLIS MN 55412 | LOGAN MEYER | RESIDENTIAL-TWO UNIT | $292,900 | 144 ft |
| 3339 OLIVER AVE N MINNEAPOLIS MN 55412 | WANDA CLAY | RESIDENTIAL | $246,000 | 157 ft |
Most Recent Sale
Current Tax Year