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 2024 · $14K total declared value · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
Hail Experts Inc
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 |
|---|---|---|---|---|
| 4027 EMERSON AVE N MINNEAPOLIS MN 55412 | MICHELLE N BERRY | RESIDENTIAL | $277,000 | 50 ft |
| 4019 EMERSON AVE N MINNEAPOLIS MN 55412 | CHARLOTTE M WILLIAMS | RESIDENTIAL-TWO UNIT | $316,800 | 50 ft |
| 4031 EMERSON AVE N MINNEAPOLIS MN 55412 | CITY LAKES COMM LAND TRUST | — | $201,400 | 100 ft |
| 4015 EMERSON AVE N MINNEAPOLIS MN 55412 | CHOU PHA | RESIDENTIAL | $312,600 | 100 ft |
| 4022 FREMONT AVE N MINNEAPOLIS MN 55412 | DANNA MCCUTCHEON | RESIDENTIAL | $205,400 | 142 ft |
| 4035 EMERSON AVE N MINNEAPOLIS MN 55412 | ANTHONY LIES | RESIDENTIAL | $139,000 | 150 ft |
| 4011 EMERSON AVE N MINNEAPOLIS MN 55412 | YOU LEE & KOU YANG | RESIDENTIAL | $336,000 | 150 ft |
| 4018 FREMONT AVE N MINNEAPOLIS MN 55412 | CITY OF LAKES COM LAND TRUST | — | $243,000 | 150 ft |
| 4024 FREMONT AVE N MINNEAPOLIS MN 55412 | LUIS ENRIQUE ROMERO | RESIDENTIAL | $226,000 | 150 ft |
| 4028 FREMONT AVE N MINNEAPOLIS MN 55412 | BROOKE HOPPE | RESIDENTIAL | $199,000 | 167 ft |
Most Recent Sale
Current Tax Year