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.
2 permits on record since 2002 · $115K total declared value · Most recent: Feb 2023 (existres)
CENTERPOINT ENERGY
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Jordan · 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 2,850 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2650 OLIVER AVE N MINNEAPOLIS MN 55411 | DANA THAO | RESIDENTIAL-TWO UNIT | $266,400 | 42 ft |
| 2642 OLIVER AVE N MINNEAPOLIS MN 55411 | MARTESA MERCHANT | RESIDENTIAL | $182,900 | 43 ft |
| 2638 OLIVER AVE N MINNEAPOLIS MN 55411 | SERGIO A PROCEL CANDO | RESIDENTIAL | $216,100 | 85 ft |
| 2654 OLIVER AVE N MINNEAPOLIS MN 55411 | EDISSON RIERA | RESIDENTIAL | $397,200 | 85 ft |
| 2634 OLIVER AVE N MINNEAPOLIS MN 55411 | C F C OBISPO | RESIDENTIAL | $141,000 | 128 ft |
| 2647 NEWTON AVE N MINNEAPOLIS MN 55411 | AARON TOLEDO SANCHEZ | RESIDENTIAL | $274,900 | 139 ft |
| 2651 NEWTON AVE N MINNEAPOLIS MN 55411 | BENNETT LETOURNEAU | RESIDENTIAL | $186,700 | 145 ft |
| 2643 NEWTON AVE N MINNEAPOLIS MN 55411 | F MARTINEZ-MENDOZA ET AL | RESIDENTIAL | $308,000 | 146 ft |
| 2655 NEWTON AVE N MINNEAPOLIS MN 55411 | KATHRYN DIAZ/JOSE M D BARBAN | RESIDENTIAL | $329,000 | 163 ft |
| 2637 NEWTON AVE N MINNEAPOLIS MN 55411 | ALLIANCE HOUSING INC | LOW INCOME RENTAL | $316,700 | 164 ft |
Most Recent Sale
Current Tax Year