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.
3 permits on record since 2017 · Most recent: Mar 2024 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
BENJAMIN FRANKLIN PLUMBING
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Willard - Hay · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 27
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 2,689 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1643 RUSSELL AVE N MINNEAPOLIS MN 55411 | TONG VUE & XE VANG | RESIDENTIAL | $287,000 | 40 ft |
| 1635 RUSSELL AVE N MINNEAPOLIS MN 55411 | BETTY J JONES | RESIDENTIAL | $251,000 | 40 ft |
| 1631 RUSSELL AVE N MINNEAPOLIS MN 55411 | NAIMA M AHMED | RESIDENTIAL-TWO UNIT | $63,500 | 78 ft |
| 1647 RUSSELL AVE N MINNEAPOLIS MN 55411 | INELL DAVIS | RESIDENTIAL | $190,000 | 80 ft |
| 1649 RUSSELL AVE N MINNEAPOLIS MN 55411 | MORTGAGE BUYERS NETWORK ONE | RESIDENTIAL-TWO UNIT | $351,800 | 120 ft |
| 1627 RUSSELL AVE N MINNEAPOLIS MN 55411 | CESAR BONILLA GABILAN | RESIDENTIAL | $240,300 | 121 ft |
| 1636 SHERIDAN AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 141 ft |
| 1632 SHERIDAN AVE N MINNEAPOLIS MN 55411 | CITY OF LAKES COMM LAND TRST | — | $317,000 | 146 ft |
| 1642 SHERIDAN AVE N MINNEAPOLIS MN 55411 | THOMAS A LEWIS JR | RESIDENTIAL | $241,700 | 147 ft |
| 1653 RUSSELL AVE N MINNEAPOLIS MN 55411 | CLAUDIA B MANTILLA | RESIDENTIAL | $262,000 | 160 ft |
Most Recent Sale
Current Tax Year