Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗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 ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗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.
2 permits on record since 2019 · Most recent: Apr 2024 (res)
CENTERPOINT ENERGY
Farr Plumbing and Heating LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Webber - Camden · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1004
Zip code 55412
Source: Redfin Data Center (Invalid Date) · Zip 55412
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 3,527 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3847 6TH ST N MINNEAPOLIS MN 55412 | J MALIAKAMALAYIL/V CHACKO | RESIDENTIAL-TWO UNIT | $270,700 | 40 ft |
| 3839 6TH ST N MINNEAPOLIS MN 55412 | STEVEN THOMPSON | RESIDENTIAL-TWO UNIT | $231,000 | 40 ft |
| 3851 6TH ST N MINNEAPOLIS MN 55412 | CITY OF LAKES COMM LAND TRST | — | $455,000 | 80 ft |
| 3835 6TH ST N MINNEAPOLIS MN 55412 | MIDFIRST BANK | RESIDENTIAL | $169,500 | 80 ft |
| 3855 6TH ST N MINNEAPOLIS MN 55412 | CLAUDIO R M ILLESCAS | RESIDENTIAL | $110,800 | 120 ft |
| 3831 6TH ST N MINNEAPOLIS MN 55412 | OUTLOOK ESTATES LLC | RESIDENTIAL | $191,900 | 120 ft |
| 3859 6TH ST N MINNEAPOLIS MN 55412 | TOWN LEE | RESIDENTIAL | $281,000 | 158 ft |
| 3827 6TH ST N MINNEAPOLIS MN 55412 | G M O ORTIZ & J Y H MORA | RESIDENTIAL | $216,000 | 160 ft |
| 3842 LYNDALE AVE N MINNEAPOLIS MN 55412 | KHOA VAN DO | RESIDENTIAL-TWO UNIT | $258,500 | 171 ft |
| 3838 LYNDALE AVE N MINNEAPOLIS MN 55412 | MICHAEL FLATTEM & J FLATTEM | RESIDENTIAL | $300,000 | 175 ft |
Most Recent Sale
Current Tax Year