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 ↗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 ↗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 2024 · $44K total declared value · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
SIGNATURE HOME SERVICES 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 3,529 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3440 COLUMBUS AVE MINNEAPOLIS MN 55407 | IH2 PROPERTY ILLINOIS LP | RESIDENTIAL | $306,000 | 46 ft |
| 3432 COLUMBUS AVE MINNEAPOLIS MN 55407 | JOSE F CHACAGUASAY | VACANT LAND-RESIDENTIAL | $67,000 | 47 ft |
| 3442 COLUMBUS AVE MINNEAPOLIS MN 55407 | FLOR MARIA PATINO | RESIDENTIAL-TWO UNIT | $325,300 | 81 ft |
| 3428 COLUMBUS AVE MINNEAPOLIS MN 55407 | KATHERINE A SHEELEY | RESIDENTIAL-TWO UNIT | $358,000 | 90 ft |
| 3446 COLUMBUS AVE MINNEAPOLIS MN 55407 | JOSINA MANU & ELEANOR SAVAGE | RESIDENTIAL | $283,000 | 114 ft |
| 3437 PARK AVE MINNEAPOLIS MN 55407 | STEVE P NACHE/DEBRA A NACHE | RESIDENTIAL-TWO UNIT | $343,700 | 130 ft |
| 3433 PARK AVE MINNEAPOLIS MN 55407 | ANA BURGESS/A'NIA-NICOLE RAE | RESIDENTIAL | $441,000 | 136 ft |
| 3424 COLUMBUS AVE MINNEAPOLIS MN 55407 | NORMAN CANTOS/MARIA FIGUEROA | RESIDENTIAL | $397,300 | 139 ft |
| 3441 PARK AVE MINNEAPOLIS MN 55407 | AMIEL HANSEN | RESIDENTIAL-TWO UNIT | $382,900 | 141 ft |
| 3429 PARK AVE MINNEAPOLIS MN 55407 | THE BANK OF NEW YORK MELLON | RESIDENTIAL | $307,500 | 159 ft |
Most Recent Sale
Current Tax Year