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.
4 permits on record since 2020 · $21K total declared value · Most recent: Sep 2025 (misc)
Sunny Solar LLC
CenterPoint Energy Resource Corp
BUILDERS AND REMODELERS INC
THE HOME DEPOT
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 3,515 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4047 EMERSON AVE N MINNEAPOLIS MN 55412 | MARIAH WAGNER | RESIDENTIAL | $160,400 | 50 ft |
| 4039 EMERSON AVE N MINNEAPOLIS MN 55412 | SJH HOLDINGS LLC | RESIDENTIAL | $135,000 | 50 ft |
| 4035 EMERSON AVE N MINNEAPOLIS MN 55412 | ANTHONY LIES | RESIDENTIAL | $139,000 | 100 ft |
| 4051 EMERSON AVE N MINNEAPOLIS MN 55412 | ROOSEVELT R THOMPSON JR | RESIDENTIAL | $193,300 | 101 ft |
| 4044 FREMONT AVE N MINNEAPOLIS MN 55412 | AISHA ELSAYED AHMED REZK | RESIDENTIAL | $77,000 | 142 ft |
| 4038 FREMONT AVE N MINNEAPOLIS MN 55412 | BRETT ALWIN | RESIDENTIAL | $256,700 | 148 ft |
| 4031 EMERSON AVE N MINNEAPOLIS MN 55412 | CITY LAKES COMM LAND TRUST | — | $201,400 | 150 ft |
| 4046 FREMONT AVE N MINNEAPOLIS MN 55412 | ANGELA L S MORRIS | RESIDENTIAL | $196,000 | 151 ft |
| 4036 FREMONT AVE N MINNEAPOLIS MN 55412 | NANCY ENGBERG | RESIDENTIAL | $145,900 | 164 ft |
| 4050 FREMONT AVE N MINNEAPOLIS MN 55412 | ARAFAT EL BAKRI | RESIDENTIAL-TWO UNIT | $236,600 | 176 ft |
Most Recent Sale
Current Tax Year