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 ↗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 ↗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 2005 · $211K total declared value · Most recent: Apr 2026 (roofwind)
TERRA FIRMA ESTATES INC
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Whittier · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 78.01
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 4,078 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2613 3RD AVE S MINNEAPOLIS MN 55408 | CLARE HOUSING | RESIDENTIAL | $0 | 53 ft |
| 2621 3RD AVE S MINNEAPOLIS MN 55408 | ESB3 LLC | APARTMENT | $925,000 | 57 ft |
| 2609 3RD AVE S MINNEAPOLIS MN 55408 | MARTIN G SCHAFER | APARTMENT | $444,000 | 100 ft |
| 2625 3RD AVE S MINNEAPOLIS MN 55408 | 2535 CLINTON AVENUE LLC | APARTMENT | $587,000 | 101 ft |
| 2629 3RD AVE S MINNEAPOLIS MN 55408 | HOUSING FOR THE ARTS LLC | LOW INCOME RENTAL | $308,400 | 142 ft |
| 2608 CLINTON AVE MINNEAPOLIS MN 55408 | S GRANDE/A D MARTINEZ GRANDE | CONDOMINIUM | $170,000 | 146 ft |
| 2610 CLINTON AVE MINNEAPOLIS MN 55408 | JAMES R HANSEN | CONDOMINIUM | $154,000 | 146 ft |
| 2612 CLINTON AVE MINNEAPOLIS MN 55408 | MEL M ALLEN | CONDOMINIUM | $154,000 | 146 ft |
| 2614 CLINTON AVE MINNEAPOLIS MN 55408 | LE TRUONG & GIANG TRUONG | CONDOMINIUM | $154,000 | 146 ft |
| 2616 CLINTON AVE MINNEAPOLIS MN 55408 | ALEX JEROME | CONDOMINIUM | $154,000 | 146 ft |
Most Recent Sale
Current Tax Year