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 ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
No permits found in Minneapolis open data for this parcel.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1037
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3-story wood frame (5–12 units) benchmarks for 5,162 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 307 5TH ST S E MINNEAPOLIS MN 55414 | DAVID J CURRY MARITAL TRUST | RESIDENTIAL-TWO UNIT | $484,100 | 66 ft |
| 516 3RD AVE S E MINNEAPOLIS MN 55414 | CCHUN PROPERTIES LLC ET AL | TRIPLEX | $431,400 | 106 ft |
| 315 5TH ST S E MINNEAPOLIS MN 55414 | THEPHRASOUVANH LLC | APARTMENT | $952,000 | 133 ft |
| 522 3RD AVE S E MINNEAPOLIS MN 55414 | V THORSTENSON & C JOHNSON | RESIDENTIAL | $337,100 | 165 ft |
| 501 3RD AVE S E MINNEAPOLIS MN 55414 | LJSD PROPERTIES LLC | RESIDENTIAL | $378,800 | 165 ft |
| 511 3RD AVE S E MINNEAPOLIS MN 55414 | N M IPSEN & K L MAXEY | RESIDENTIAL-TWO UNIT | $422,000 | 184 ft |
| 319 5TH ST S E MINNEAPOLIS MN 55414 | P A PETERSEN & J T A TUCKER | RESIDENTIAL | $558,000 | 190 ft |
| 316 6TH ST S E MINNEAPOLIS MN 55414 | J E GOEBERL & A THIBEAULT | RESIDENTIAL | $560,800 | 214 ft |
| 219 5TH ST S E MINNEAPOLIS MN 55414 | TA REAL ESTATE LLC | RESIDENTIAL | $408,400 | 216 ft |
| 300 6TH ST S E MINNEAPOLIS MN 55414 | V THORSTENSON/C JOHNSON | RESIDENTIAL | $461,000 | 229 ft |
Most Recent Sale
Current Tax Year