Located in the Minneapolis North Green Zone (incl NE) — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green Zones ↗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 ↗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.
3 permits on record since 2026 · $741K total declared value · Most recent: May 2026 (newres)
Professional Mechanical Services LLC
Professional Mechanical Services LLC
Magnolia Homes LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1016
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2915 3RD ST N MINNEAPOLIS MN 55411 | PEONY HILDRETH | RESIDENTIAL-TWO UNIT | $236,200 | 35 ft |
| 2923 3RD ST N MINNEAPOLIS MN 55411 | LARRICK POTVIN & NALA FORD | RESIDENTIAL | $284,800 | 42 ft |
| 2911 3RD ST N MINNEAPOLIS MN 55411 | ROBERT ZEMAN | RESIDENTIAL | $116,900 | 63 ft |
| 2909 3RD ST N MINNEAPOLIS MN 55411 | SHANNON B ST.PETERS | LOW INCOME RENTAL | $199,600 | 91 ft |
| 2905 3RD ST N MINNEAPOLIS MN 55411 | NID LEE & CHRISTINA P HERGN | RESIDENTIAL | $164,600 | 126 ft |
| 305 30TH AVE N MINNEAPOLIS MN 55411 | J C P MONTUFAR | RESIDENTIAL | $349,000 | 135 ft |
| 311 30TH AVE N MINNEAPOLIS MN 55411 | MAO VANG | RESIDENTIAL-TWO UNIT | $169,600 | 137 ft |
| 301 30TH AVE N MINNEAPOLIS MN 55411 | GILBERT L STEPHENS ET AL | RESIDENTIAL | $349,000 | 146 ft |
| 315 30TH AVE N MINNEAPOLIS MN 55411 | MULU ERANA | RESIDENTIAL | $250,000 | 149 ft |
| 306 29TH AVE N MINNEAPOLIS MN 55411 | RACHEL GRAN | RESIDENTIAL | $170,700 | 169 ft |
Most Recent Sale
Current Tax Year