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 ↗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 ↗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 2019 · Most recent: Jun 2025 (res)
ST PAUL PLUMBING AND HEATING CO INC
Warners Stellian Co Inc
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 2,478 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3528 COLUMBUS AVE MINNEAPOLIS MN 55407 | R P MORALES & E CARVAJAL | RESIDENTIAL | $319,100 | 42 ft |
| 3536 COLUMBUS AVE MINNEAPOLIS MN 55407 | MIDWEST CHALLENGE INC | RESIDENTIAL | $0 | 42 ft |
| 3524 COLUMBUS AVE MINNEAPOLIS MN 55407 | R M AKALE & J M MADZEY-AKALE | RESIDENTIAL | $331,600 | 85 ft |
| 3540 COLUMBUS AVE MINNEAPOLIS MN 55407 | MELISSA E MAASKE | RESIDENTIAL | $370,300 | 85 ft |
| 3544 COLUMBUS AVE MINNEAPOLIS MN 55407 | EMILY BRUNO/MICHAEL B BRUNO | RESIDENTIAL | $274,600 | 127 ft |
| 3533 PARK AVE MINNEAPOLIS MN 55407 | G M COCHRAN & G GILL JR | RESIDENTIAL | $309,800 | 130 ft |
| 3520 COLUMBUS AVE MINNEAPOLIS MN 55407 | SERENDIPITY INVESTMENT LLC | RESIDENTIAL-TWO UNIT | $359,400 | 130 ft |
| 3537 PARK AVE MINNEAPOLIS MN 55407 | MARGARET MANDERFELD | RESIDENTIAL-TWO UNIT | $365,000 | 137 ft |
| 3529 PARK AVE MINNEAPOLIS MN 55407 | KELSEY MCFADDEN | RESIDENTIAL | $237,000 | 137 ft |
| 3541 PARK AVE MINNEAPOLIS MN 55407 | ANNA A ASHCROFT | RESIDENTIAL | $320,300 | 155 ft |
Most Recent Sale
Current Tax Year