Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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.
3 permits on record since 2024 · $15K total declared value · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Restor Homes LLC
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
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 2,679 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3419 COLUMBUS AVE MINNEAPOLIS MN 55407 | UCOZYHOME LLC | RESIDENTIAL-TWO UNIT | $328,100 | 42 ft |
| 3427 COLUMBUS AVE MINNEAPOLIS MN 55407 | F R ORTIZ & G LEMA DE ORTIZ | RESIDENTIAL | $279,000 | 43 ft |
| 3417 COLUMBUS AVE MINNEAPOLIS MN 55407 | E OLSON & D SCHLEISMAN | RESIDENTIAL | $257,000 | 83 ft |
| 3429 COLUMBUS AVE MINNEAPOLIS MN 55407 | MONA WONG | RESIDENTIAL | $226,200 | 88 ft |
| 3413 COLUMBUS AVE MINNEAPOLIS MN 55407 | GIZEL J OJEDA-GOMEZ | LOW INCOME RENTAL | $222,000 | 123 ft |
| 3435 COLUMBUS AVE MINNEAPOLIS MN 55407 | BARBARA A JENSEN | RESIDENTIAL | $256,000 | 130 ft |
| 3420 CHICAGO AVE MINNEAPOLIS MN 55407 | S L MATTEK & W TOWNSEND | RESIDENTIAL-TWO UNIT | $453,800 | 135 ft |
| 3424 CHICAGO AVE MINNEAPOLIS MN 55407 | MARGARET E DOLL REV TRUST | RESIDENTIAL-TWO UNIT | $288,300 | 140 ft |
| 3416 CHICAGO AVE MINNEAPOLIS MN 55407 | ARABESQUE DTRSD PROP INV LLC | TRIPLEX | $459,800 | 147 ft |
| 3428 CHICAGO AVE MINNEAPOLIS MN 55407 | BLANCA M ARTIEDA | RESIDENTIAL-TWO UNIT | $319,200 | 161 ft |
Most Recent Sale
Current Tax Year