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.
1 permit on record since 2017 · Most recent: Oct 2017 (existres)
Metro Heating & Cooling LLC
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 3,003 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1512 RUSSELL AVE N MINNEAPOLIS MN 55411 | BRENT J ADAMS TRUST | RESIDENTIAL | $231,400 | 44 ft |
| 1522 RUSSELL AVE N MINNEAPOLIS MN 55411 | M K WIDSTROM & M D WIDSTROM | RESIDENTIAL | $247,500 | 44 ft |
| 1508 RUSSELL AVE N MINNEAPOLIS MN 55411 | R R STANCHFIELD IV ET AL | RESIDENTIAL | $240,100 | 88 ft |
| 1530 RUSSELL AVE N MINNEAPOLIS MN 55411 | NU WAY MISSIONARY BAPTIST CH | COMMERCIAL-PREFERRED | $0 | 108 ft |
| 1504 RUSSELL AVE N MINNEAPOLIS MN 55411 | TIMOTHY OTTE & MOLLY BUDKE | RESIDENTIAL | $263,000 | 132 ft |
| 1519 QUEEN AVE N MINNEAPOLIS MN 55411 | HORSESHOE LLC | RESIDENTIAL-TWO UNIT | $302,100 | 142 ft |
| 1515 QUEEN AVE N MINNEAPOLIS MN 55411 | LESLEY NICOLE PATTON | RESIDENTIAL | $235,300 | 146 ft |
| 1523 QUEEN AVE N MINNEAPOLIS MN 55411 | CHIA LAO & YAO YANG | RESIDENTIAL | $259,000 | 149 ft |
| 1511 QUEEN AVE N MINNEAPOLIS MN 55411 | C M MERRIGAN & J D MERRIGAN | RESIDENTIAL | $399,000 | 161 ft |
| 1527 QUEEN AVE N MINNEAPOLIS MN 55411 | LEWIS LEE HARRIS | RESIDENTIAL | $239,000 | 165 ft |
Current Tax Year