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.
1 permit on record since 2024 · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
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 2,508 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3405 COLUMBUS AVE MINNEAPOLIS MN 55407 | SARA E LIDSTROM | RESIDENTIAL | $264,200 | 36 ft |
| 3413 COLUMBUS AVE MINNEAPOLIS MN 55407 | GIZEL J OJEDA-GOMEZ | LOW INCOME RENTAL | $222,000 | 40 ft |
| 3403 COLUMBUS AVE MINNEAPOLIS MN 55407 | J MAE PATTERSON-REUBEN TRUST | RESIDENTIAL | $225,200 | 69 ft |
| 3417 COLUMBUS AVE MINNEAPOLIS MN 55407 | E OLSON & D SCHLEISMAN | RESIDENTIAL | $257,000 | 80 ft |
| 3401 COLUMBUS AVE MINNEAPOLIS MN 55407 | ANA L TARQUI ESCOBAR ET AL | RESIDENTIAL-TWO UNIT | $303,000 | 103 ft |
| 3419 COLUMBUS AVE MINNEAPOLIS MN 55407 | UCOZYHOME LLC | RESIDENTIAL-TWO UNIT | $328,100 | 121 ft |
| 3408 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $283,200 | 135 ft |
| 3406 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $286,800 | 141 ft |
| 3412 CHICAGO AVE MINNEAPOLIS MN 55407 | BILLFAR HOLDINGS L L C | APARTMENT | $704,000 | 145 ft |
| 3400 CHICAGO AVE MINNEAPOLIS MN 55407 | JUAN PABLO AQUINO ROSAS | TRIPLEX | $479,100 | 163 ft |
Most Recent Sale
Current Tax Year