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.
6 permits on record since 2018 · $41K total declared value · Most recent: Jun 2024 (misc)
MNSOTA Construction
Warners Stellian Co Inc
Warners Stellian Co Inc
CenterPoint Energy Resource Corp
Urban Pine Plumbing and Mechanical Inc
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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 sfr / adu benchmarks for 399 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2600 3RD AVE S MINNEAPOLIS MN 55408 | CLEMENTE GARCIA | APARTMENT | $549,000 | 64 ft |
| 2602 3RD AVE S MINNEAPOLIS MN 55408 | PHILLIP R ANDRE | RESIDENTIAL-TWO UNIT | $349,200 | 68 ft |
| 2601 2ND AVE S MINNEAPOLIS MN 55408 | SOURCE MINISTRIES INC | COMMERCIAL-PREFERRED | $0 | 96 ft |
| 2605 2ND AVE S MINNEAPOLIS MN 55408 | SOURCE MN INC | TRIPLEX | $0 | 111 ft |
| 2608 3RD AVE S MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 115 ft |
| 2607 2ND AVE S MINNEAPOLIS MN 55408 | SOUTH SECOND LLC | APARTMENT | $1,799,700 | 142 ft |
| 2612 3RD AVE S MINNEAPOLIS MN 55408 | E FLAT LTD PTNRSHP (CO-OP) | LOW INCOME RENTAL | $750,000 | 165 ft |
| 2613 2ND AVE S MINNEAPOLIS MN 55408 | WEW-STEVENS PROPERTIES I LLC | RESIDENTIAL-TWO UNIT | $364,100 | 180 ft |
| 2540 3RD AVE S MINNEAPOLIS MN 55404 | MPLS COLLEGE OF ART & DESIGN | APARTMENT | $0 | 202 ft |
| 2616 3RD AVE S MINNEAPOLIS MN 55408 | E FLAT LTD PTNRSHP (CO-OP) | LOW INCOME RENTAL | $1,012,000 | 217 ft |
Most Recent Sale
Current Tax Year