ParcelLens
Property Intelligence · Twin Cities
Loading property data…
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.
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 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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2629 3RD AVE S MINNEAPOLIS MN 55408 | HOUSING FOR THE ARTS LLC | LOW INCOME RENTAL | $308,400 | 50 ft |
| 2637 3RD AVE S MINNEAPOLIS MN 55408 | RICHARD LAUMER | RESIDENTIAL-TWO UNIT | $226,600 | 51 ft |
| 2625 3RD AVE S MINNEAPOLIS MN 55408 | 2535 CLINTON AVENUE LLC | APARTMENT | $587,000 | 90 ft |
| 2621 3RD AVE S MINNEAPOLIS MN 55408 | ESB3 LLC | APARTMENT | $925,000 | 135 ft |
| 2617 3RD AVE S MINNEAPOLIS MN 55408 | NORMANDALE HOUSING CORP | APARTMENT | $875,000 | 192 ft |
| 2632 3RD AVE S MINNEAPOLIS MN 55408 | ESB3 LLC | APARTMENT | $1,153,000 | 193 ft |
| 2628 3RD AVE S MINNEAPOLIS MN 55408 | K T POWELL & E POWELL | RESIDENTIAL-TWO UNIT | $348,900 | 194 ft |
| 220 27TH ST E MINNEAPOLIS MN 55408 | S SUDHAKARAN & S P MOHANDAS | RESIDENTIAL-TWO UNIT | $471,300 | 197 ft |
| 2638 3RD AVE S MINNEAPOLIS MN 55408 | S KETTERING & S K WOOLEVER | RESIDENTIAL-TWO UNIT | $321,000 | 200 ft |
| 2622 3RD AVE S MINNEAPOLIS MN 55408 | ESB3 LLC | APARTMENT | $595,000 | 203 ft |
Most Recent Sale
Current Tax Year