Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 2017 · $46K total declared value · Most recent: Oct 2025 (misc)
THE HOME DEPOT
M AND R CONSTRUCTION LLC
KAUFMAN SHEET METAL ROOFING INC
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
Residential Mixed-Use 1 — low-density mixed 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 3-story wood frame (5–12 units) benchmarks for 3,138 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3520 CHICAGO AVE MINNEAPOLIS MN 55407 | C E G PINOS & Z PINOS | RESIDENTIAL | $315,400 | 48 ft |
| 3512 CHICAGO AVE MINNEAPOLIS MN 55407 | BRETT H BUTLER | RESIDENTIAL-TWO UNIT | $315,700 | 49 ft |
| 3524 CHICAGO AVE MINNEAPOLIS MN 55407 | ANANGOOKWE HERMES | RESIDENTIAL | $255,300 | 93 ft |
| 3508 CHICAGO AVE MINNEAPOLIS MN 55407 | LUBANOVIC HOLDINGS LLC | COMMERCIAL-PREFERRED | $482,000 | 121 ft |
| 3528 CHICAGO AVE MINNEAPOLIS MN 55407 | S CHARBONEAU & L JABLONSKY | RESIDENTIAL | $212,000 | 136 ft |
| 3517 COLUMBUS AVE MINNEAPOLIS MN 55407 | L R ORTIZ & M MOLINA | RESIDENTIAL | $273,900 | 136 ft |
| 3521 COLUMBUS AVE MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $389,300 | 143 ft |
| 3515 COLUMBUS AVE MINNEAPOLIS MN 55407 | ALICE REYNOLDS & LESLIE LEIN | RESIDENTIAL | $301,700 | 144 ft |
| 3525 COLUMBUS AVE MINNEAPOLIS MN 55407 | WCWMN4 LLC | RESIDENTIAL | $195,500 | 164 ft |
| 3509 COLUMBUS AVE MINNEAPOLIS MN 55407 | 3509 COLUMBUS AVENUE LLC | RESIDENTIAL-TWO UNIT | $376,500 | 168 ft |
Most Recent Sale
Current Tax Year