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 the Lowry Avenue North Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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.
5 permits on record since 2023 · $15K total declared value · Most recent: Feb 2025 (misc)
VALERDI LLC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Hutton Plumbing LLC
Josue O Valerdi
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 2,625 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3235 MORGAN AVE N MINNEAPOLIS MN 55412 | MARTIKA Z LOWERS | RESIDENTIAL | $202,800 | 40 ft |
| 3227 MORGAN AVE N MINNEAPOLIS MN 55412 | HANNAH RUTH PATTERSON | RESIDENTIAL | $155,000 | 40 ft |
| 3239 MORGAN AVE N MINNEAPOLIS MN 55412 | NECHELLE SPAULDING-MUCHER | RESIDENTIAL | $146,000 | 80 ft |
| 3223 MORGAN AVE N MINNEAPOLIS MN 55412 | TOU YANG & BLIA M VUE | RESIDENTIAL | $167,000 | 80 ft |
| 3243 MORGAN AVE N MINNEAPOLIS MN 55412 | D R HENJUM & K HENJUM | RESIDENTIAL | $263,900 | 120 ft |
| 3219 MORGAN AVE N MINNEAPOLIS MN 55412 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 140 ft |
| 3230 NEWTON AVE N MINNEAPOLIS MN 55412 | JUANITA J VONENDE | RESIDENTIAL | $149,000 | 140 ft |
| 3224 NEWTON AVE N MINNEAPOLIS MN 55412 | AMY J MADDOX | RESIDENTIAL | $174,900 | 145 ft |
| 3234 NEWTON AVE N MINNEAPOLIS MN 55412 | SOUA KHANG/EVER KATHY KHANG | RESIDENTIAL | $227,800 | 145 ft |
| 3247 MORGAN AVE N MINNEAPOLIS MN 55412 | JOANNE MURPHY | RESIDENTIAL | $149,000 | 160 ft |
Most Recent Sale
Current Tax Year