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 2014 · $348K total declared value · Most recent: Sep 2014 (building re-inspection)
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 3,471 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3641 COLUMBUS AVE MINNEAPOLIS MN 55407 | 3641 COLUMBUS LLC | APARTMENT | $519,000 | 49 ft |
| 3633 COLUMBUS AVE MINNEAPOLIS MN 55407 | FOWSIYA HASSAN | RESIDENTIAL | $403,000 | 49 ft |
| 3629 COLUMBUS AVE MINNEAPOLIS MN 55407 | KEBLER ALVARADO BARBECH | RESIDENTIAL | $233,700 | 105 ft |
| 726 37TH ST E MINNEAPOLIS MN 55407 | CITY OF MPLS | VACANT LAND-RESIDENTIAL | $0 | 124 ft |
| 3636 CHICAGO AVE MINNEAPOLIS MN 55407 | SPIRITUAL ASSEMBLY BAHA'IS | VACANT LAND-APARTMENT | $0 | 128 ft |
| 722 37TH ST E MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 131 ft |
| 3632 CHICAGO AVE MINNEAPOLIS MN 55407 | SPIRITUAL ASSEMBLY BAHA'IS | VACANT LAND-APARTMENT | $0 | 137 ft |
| 3625 COLUMBUS AVE MINNEAPOLIS MN 55407 | KIMBERLY S BOKOVOY | RESIDENTIAL | $285,500 | 144 ft |
| 3644 CHICAGO AVE MINNEAPOLIS MN 55407 | SPIRITUAL ASSEMBLY BAHA'IS | COMMERCIAL-PREFERRED | $0 | 165 ft |
| 3628 CHICAGO AVE MINNEAPOLIS MN 55407 | RIYAD PROPERTIES LLC | APARTMENT | $1,156,000 | 177 ft |
Most Recent Sale
Current Tax Year