On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗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 ↗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.
2 permits on record since 2017 · $6K total declared value · Most recent: Jan 2019 (res)
CenterPoint Energy Resource Corp
MOUA CONSTRUCTION LLC
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 small multifamily (2–4 units, wood frame) benchmarks for 2,547 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3338 PENN AVE N MINNEAPOLIS MN 55412 | E BELL & B JOHNSON | RESIDENTIAL | $182,300 | 39 ft |
| 3346 PENN AVE N MINNEAPOLIS MN 55412 | MARIO VERGARA MEDINA | RESIDENTIAL | $244,100 | 39 ft |
| 3334 PENN AVE N MINNEAPOLIS MN 55412 | EMMANUEL DONABY | RESIDENTIAL-TWO UNIT | $263,700 | 79 ft |
| 3328 PENN AVE N MINNEAPOLIS MN 55412 | JASON W WALLACE | RESIDENTIAL-TWO UNIT | $226,200 | 118 ft |
| 3354 PENN AVE N MINNEAPOLIS MN 55412 | NEW HORIZON REAL ESTATE DEV | COMMERCIAL-PREFERRED | $0 | 118 ft |
| 3341 OLIVER AVE N MINNEAPOLIS MN 55412 | CLAY BYINGTON | RESIDENTIAL | $240,400 | 139 ft |
| 3343 OLIVER AVE N MINNEAPOLIS MN 55412 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 144 ft |
| 3339 OLIVER AVE N MINNEAPOLIS MN 55412 | WANDA CLAY | RESIDENTIAL | $246,000 | 145 ft |
| 3326 PENN AVE N MINNEAPOLIS MN 55412 | LOGAN MEYER | RESIDENTIAL-TWO UNIT | $292,900 | 158 ft |
| 3347 OLIVER AVE N MINNEAPOLIS MN 55412 | TODD S LIPELT | RESIDENTIAL | $137,000 | 159 ft |
Most Recent Sale
Current Tax Year