Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2019 · $16K total declared value · Most recent: Dec 2025 (existres)
Heating and Cooling Design Inc
WALKER ROOFING CO
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Central · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 95
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Residential Mixed-Use 1 — low-density mixed 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 3,226 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3412 CHICAGO AVE MINNEAPOLIS MN 55407 | BILLFAR HOLDINGS L L C | APARTMENT | $704,000 | 49 ft |
| 3420 CHICAGO AVE MINNEAPOLIS MN 55407 | S L MATTEK & W TOWNSEND | RESIDENTIAL-TWO UNIT | $453,800 | 49 ft |
| 3408 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $283,200 | 98 ft |
| 3424 CHICAGO AVE MINNEAPOLIS MN 55407 | MARGARET E DOLL REV TRUST | RESIDENTIAL-TWO UNIT | $288,300 | 98 ft |
| 3419 COLUMBUS AVE MINNEAPOLIS MN 55407 | UCOZYHOME LLC | RESIDENTIAL-TWO UNIT | $328,100 | 136 ft |
| 3417 COLUMBUS AVE MINNEAPOLIS MN 55407 | E OLSON & D SCHLEISMAN | RESIDENTIAL | $257,000 | 137 ft |
| 3406 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $286,800 | 147 ft |
| 3428 CHICAGO AVE MINNEAPOLIS MN 55407 | BLANCA M ARTIEDA | RESIDENTIAL-TWO UNIT | $319,200 | 147 ft |
| 3423 COLUMBUS AVE MINNEAPOLIS MN 55407 | BLOOMINGTON HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $338,700 | 147 ft |
| 3413 COLUMBUS AVE MINNEAPOLIS MN 55407 | GIZEL J OJEDA-GOMEZ | LOW INCOME RENTAL | $222,000 | 149 ft |
Most Recent Sale
Current Tax Year