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 · $7K total declared value · Most recent: Nov 2025 (misc)
Adrian Hernandez Santos
CenterPoint Energy Resource Corp
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 3,036 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3440 OAKLAND AVE MINNEAPOLIS MN 55407 | ANDREW RUHLAND/MEGAN RUHLAND | RESIDENTIAL | $337,100 | 49 ft |
| 3450 OAKLAND AVE MINNEAPOLIS MN 55407 | CASANDRA ANN OLSON | RESIDENTIAL | $299,500 | 49 ft |
| 3436 OAKLAND AVE MINNEAPOLIS MN 55407 | L D SACTA MORA/R L ESPINOZA | RESIDENTIAL | $405,000 | 98 ft |
| 3441 PORTLAND AVE MINNEAPOLIS MN 55407 | FINN RATER | CONDOMINIUM | $190,000 | 130 ft |
| 3441 PORTLAND AVE MINNEAPOLIS MN 55407 | JEANNE MINNICK | CONDOMINIUM | $181,000 | 130 ft |
| 3441 PORTLAND AVE MINNEAPOLIS MN 55407 | A V PENUGONDA & C O AUDI | CONDOMINIUM | $180,000 | 130 ft |
| 3441 PORTLAND AVE MINNEAPOLIS MN 55407 | ANNA SCHUMACHER | CONDOMINIUM | $180,000 | 130 ft |
| MN | Unknown | — | — | 130 ft |
| 3445 PORTLAND AVE MINNEAPOLIS MN 55407 | FIRE PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $365,200 | 138 ft |
| 3437 PORTLAND AVE MINNEAPOLIS MN 55407 | J L FERM & H FERM | APARTMENT | $759,000 | 139 ft |
Most Recent Sale
Current Tax Year