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 ↗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.
2 permits on record since 2022 · Most recent: Sep 2023 (existres)
Standard Heating and Air Conditioning Inc
Standard Heating and Air Conditioning Inc
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 1037
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 4,190 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 322 3RD AVE S E MINNEAPOLIS MN 55414 | E WARD, C ROSSMAN TRUSTEES | RESIDENTIAL-TWO UNIT | $483,300 | 86 ft |
| 310 4TH ST S E MINNEAPOLIS MN 55414 | RICHARD KEHNEMAN | RESIDENTIAL-TWO UNIT | $430,200 | 92 ft |
| 301 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | CARDINAL PROPERTIES II LLC | APARTMENT | $2,824,400 | 110 ft |
| 316 4TH ST S E MINNEAPOLIS MN 55414 | GSH PROPERTIES 1 LLC | APARTMENT | $1,371,000 | 113 ft |
| 315 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | ST ANTHONY FLATS LLC | LOW INCOME RENTAL | $926,000 | 149 ft |
| 320 4TH ST S E MINNEAPOLIS MN 55414 | JOHN R PEMBLE | APARTMENT | $785,000 | 175 ft |
| 321 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | RED FOX PRTSHP | COMMERCIAL-PREFERRED | $642,000 | 199 ft |
| 313 4TH AVE S E MINNEAPOLIS MN 55414 | MASHROT LLC | RESIDENTIAL-TWO UNIT | $512,800 | 233 ft |
| 328 4TH ST S E MINNEAPOLIS MN 55414 | INTERSTATE RE INVESTOR LLC | APARTMENT | $547,800 | 253 ft |
| 327 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 327 UNIVERSITY LLC | APARTMENT | $1,570,000 | 257 ft |
Current Tax Year