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 2023 · $14K total declared value · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
BAYVISTA INC
CenterPoint Energy Resource Corp
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 3,020 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1332 RUSSELL AVE N MINNEAPOLIS MN 55411 | LARRY L NABER & WIFE | RESIDENTIAL | $138,000 | 43 ft |
| 1324 RUSSELL AVE N MINNEAPOLIS MN 55411 | MARY LOUISE HUGGAR | VACANT LAND-RESIDENTIAL | $16,000 | 43 ft |
| 1320 RUSSELL AVE N MINNEAPOLIS MN 55411 | LEONARD MICHAEL GERTEN | RESIDENTIAL-TWO UNIT | $362,400 | 85 ft |
| 1336 RUSSELL AVE N MINNEAPOLIS MN 55411 | JEREMY SIMS & J D SIMS | RESIDENTIAL | $209,600 | 85 ft |
| 1314 RUSSELL AVE N MINNEAPOLIS MN 55411 | J M NELSON & N NELSON | RESIDENTIAL | $211,300 | 126 ft |
| 1340 RUSSELL AVE N MINNEAPOLIS MN 55411 | S G P CHUMA & M N L GUASCO | RESIDENTIAL | $317,000 | 127 ft |
| 1329 QUEEN AVE N MINNEAPOLIS MN 55411 | SHIRLEY E HOUGHTELLING | RESIDENTIAL | $220,400 | 142 ft |
| 1331 QUEEN AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 148 ft |
| 1323 QUEEN AVE N MINNEAPOLIS MN 55411 | CATALINA SUAREZ CARDENAS | RESIDENTIAL | $159,900 | 148 ft |
| 1335 QUEEN AVE N MINNEAPOLIS MN 55411 | DKW PROPERTIES LLC | RESIDENTIAL | $125,000 | 165 ft |
Current Tax Year