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.
9 permits on record since 2017 · $31K total declared value · Most recent: Nov 2025 (res)
Blue Yeti Services LLC
Blue Yeti Services LLC
Minnesota Rusco Inc
Minnesota Rusco Inc
Ray N Welter Heating Co
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 2,465 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3616 COLUMBUS AVE MINNEAPOLIS MN 55407 | M SITZMANN & J SITZMANN | RESIDENTIAL | $312,500 | 42 ft |
| 3624 COLUMBUS AVE MINNEAPOLIS MN 55407 | 3PLEXMN1 LLC | TRIPLEX | $432,400 | 42 ft |
| 3612 COLUMBUS AVE MINNEAPOLIS MN 55407 | W A HART & E P NEER | RESIDENTIAL | $240,300 | 85 ft |
| 3628 COLUMBUS AVE MINNEAPOLIS MN 55407 | SOUTHSIDE COMMUNITY L P | LOW INCOME RENTAL | $610,000 | 88 ft |
| 3608 COLUMBUS AVE MINNEAPOLIS MN 55407 | JESUS M SANCHEZ | RESIDENTIAL | $249,800 | 128 ft |
| 3621 PARK AVE MINNEAPOLIS MN 55407 | ALEXANDRA E COOPER | RESIDENTIAL | $496,500 | 133 ft |
| 3625 PARK AVE MINNEAPOLIS MN 55407 | W J KANFIELD & D L KANFIELD | RESIDENTIAL-TWO UNIT | $377,500 | 136 ft |
| 3632 COLUMBUS AVE MINNEAPOLIS MN 55407 | COLUMBUS AVENUE PROPS LLC | APARTMENT | $723,000 | 137 ft |
| 3629 PARK AVE MINNEAPOLIS MN 55407 | SHANNON R BERRY-HELLER ET AL | RESIDENTIAL-TWO UNIT | $406,500 | 153 ft |
| 3615 PARK AVE MINNEAPOLIS MN 55407 | BBM HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $347,700 | 156 ft |
Most Recent Sale
Current Tax Year