Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 ↗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.
6 permits on record since 2020 · $47K total declared value · Most recent: Mar 2026 (commercial minor)
ACS Logistics Holdings LLC
Farr Plumbing and Heating LLC
Farr Plumbing and Heating LLC
TASK MASTERS CONST
Farr Plumbing and Heating LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Marshall Terrace · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1005
Zip code 55418
Source: Redfin Data Center (Invalid Date) · Zip 55418
Urban Neighborhood 1 — low-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 sfr / adu benchmarks for 6,139 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3035 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | MARIE T TRAVER LIVING TRUST | RESIDENTIAL | $254,100 | 60 ft |
| 3047 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | LEONARDO D JIMENEZ BERMEO SR | RESIDENTIAL-TWO UNIT | $296,400 | 60 ft |
| 3031 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | A HUTCHENS & E E HUTCHENS | RESIDENTIAL | $338,800 | 120 ft |
| 3055 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | S R TIMMERS & J R TIMMERS | RESIDENTIAL | $340,400 | 123 ft |
| 3023 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | H C JOHNSON & C E JOHNSON JR | RESIDENTIAL | $505,000 | 180 ft |
| 3042 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | R E PLIEGO & A C DRIER | RESIDENTIAL | $305,900 | 190 ft |
| 3044 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | ROCKWOOD INVESTMENTS V LLC | TRIPLEX | $355,300 | 196 ft |
| 3038 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | JOSEPH H CONTENTO JR | RESIDENTIAL-TWO UNIT | $313,900 | 197 ft |
| 3000 MAIN ST N E MINNEAPOLIS MN 55418 | BURLINGTON-NORTHERN INC | RAILROAD | $0 | 205 ft |
| 3048 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | THOMAS BETTING | RESIDENTIAL-TWO UNIT | $387,500 | 210 ft |
Most Recent Sale
Current Tax Year