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.
1 permit on record since 2024 · Most recent: Dec 2024 (existres)
Dean's Professional Plumbing 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 2,044 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4016 ALDRICH AVE N MINNEAPOLIS MN 55412 | KAZEEM A OKEDOKUN | RESIDENTIAL | $249,000 | 60 ft |
| 4000 ALDRICH AVE N MINNEAPOLIS MN 55412 | RICHARD A JONES | RESIDENTIAL | $194,000 | 67 ft |
| 712 40TH AVE N MINNEAPOLIS MN 55412 | CAG MINNESOTA FUND II LLC | RESIDENTIAL | $224,000 | 71 ft |
| 4020 ALDRICH AVE N MINNEAPOLIS MN 55412 | J G ANDRADE & A A ORTIZ | RESIDENTIAL | $158,700 | 100 ft |
| 4024 ALDRICH AVE N MINNEAPOLIS MN 55412 | DAWN E PATTERSON | RESIDENTIAL | $196,900 | 142 ft |
| 4011 ALDRICH AVE N MINNEAPOLIS MN 55412 | MICHAEL CAMPBELL | RESIDENTIAL | $237,300 | 161 ft |
| 4007 ALDRICH AVE N MINNEAPOLIS MN 55412 | MERCEY VANG | RESIDENTIAL | $188,500 | 163 ft |
| 4011 LYNDALE AVE N MINNEAPOLIS MN 55412 | STEPHANY BUENROSTRO ET AL | RESIDENTIAL | $249,100 | 164 ft |
| 4015 ALDRICH AVE N MINNEAPOLIS MN 55412 | CITY OF LAKES COMM LAND TRST | — | $201,700 | 171 ft |
| 4015 LYNDALE AVE N MINNEAPOLIS MN 55412 | TROY HENDERSON | VACANT LAND-RESIDENTIAL | $17,000 | 173 ft |
Most Recent Sale
Current Tax Year