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.
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 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 small multifamily (2–4 units, wood frame) benchmarks for 2,770 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2640 STEVENS AVE MINNEAPOLIS MN 55408 | JORGE RIVAS | RESIDENTIAL | $203,500 | 42 ft |
| 2632 STEVENS AVE MINNEAPOLIS MN 55408 | E S LOPEZ & E D SILVAN | RESIDENTIAL | $253,500 | 51 ft |
| 2628 STEVENS AVE MINNEAPOLIS MN 55408 | JM REAL ESTATE INVESTMNT LLC | RESIDENTIAL | $131,100 | 95 ft |
| 112 27TH ST E MINNEAPOLIS MN 55408 | J D CAHALAN ET AL | RESIDENTIAL-TWO UNIT | $336,800 | 112 ft |
| 116 27TH ST E MINNEAPOLIS MN 55408 | JORGE RIVAS | RESIDENTIAL | $209,100 | 117 ft |
| 2626 STEVENS AVE MINNEAPOLIS MN 55408 | J FREIMUTH & W FREIMUTH | RESIDENTIAL | $254,000 | 125 ft |
| 2637 1ST AVE S MINNEAPOLIS MN 55408 | 2637 1ST AVE S LLC | APARTMENT | $668,000 | 140 ft |
| 2633 1ST AVE S MINNEAPOLIS MN 55408 | CITY FLATS LTD PARTNERSHIP | LOW INCOME RENTAL | $1,104,000 | 143 ft |
| 2620 STEVENS AVE MINNEAPOLIS MN 55408 | BRUCE A LUNDEEN | RESIDENTIAL-TWO UNIT | $282,000 | 169 ft |
| 2645 1ST AVE S MINNEAPOLIS MN 55408 | 2637 1ST AVE S LLC | APARTMENT | $6,800,000 | 170 ft |
Most Recent Sale
Current Tax Year