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.
No permits found in Minneapolis open data for this parcel.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1257
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 2,578 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2943 OLIVER AVE N MINNEAPOLIS MN 55411 | CITY/LAKES COMMUNITY LAND TR | — | $207,200 | 40 ft |
| 2951 OLIVER AVE N MINNEAPOLIS MN 55411 | ANDREA M FARR | RESIDENTIAL | $237,400 | 45 ft |
| 2939 OLIVER AVE N MINNEAPOLIS MN 55411 | LATHAM L & TYCHANZA LUEPKE | RESIDENTIAL | $250,700 | 80 ft |
| 2955 OLIVER AVE N MINNEAPOLIS MN 55411 | KASPARS KALNITIS | RESIDENTIAL | $196,200 | 94 ft |
| 2935 OLIVER AVE N MINNEAPOLIS MN 55411 | JOSHUA K SWANTZ | RESIDENTIAL | $238,400 | 120 ft |
| 2946 PENN AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 138 ft |
| 2942 PENN AVE N MINNEAPOLIS MN 55411 | MARIA NIEVES REMACHE PAUCAR | RESIDENTIAL | $196,000 | 143 ft |
| 2950 PENN AVE N MINNEAPOLIS MN 55411 | G T & N L LEE | RESIDENTIAL | $212,600 | 146 ft |
| 2938 PENN AVE N MINNEAPOLIS MN 55411 | FEDERAL NATIONAL MORTGAGE AS | RESIDENTIAL | $48,000 | 158 ft |
| 2931 OLIVER AVE N MINNEAPOLIS MN 55411 | JESSICA A KUNITZ | RESIDENTIAL | $135,800 | 160 ft |
Most Recent Sale
Current Tax Year