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.
5 permits on record since 2019 · $13K total declared value · Most recent: Jul 2025 (misc)
Summit Construction Group
CenterPoint Energy Resource Corp
Elias Plumbing LLC
Norblom Plumbing Co
Standard Heating and Air Conditioning Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 2,566 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4028 ALDRICH AVE N MINNEAPOLIS MN 55412 | FEDERAL NATL MORTGAGE ASSN | RESIDENTIAL | $155,000 | 41 ft |
| 4034 ALDRICH AVE N MINNEAPOLIS MN 55412 | VICTORIA STEIN | RESIDENTIAL | $199,400 | 41 ft |
| 4038 ALDRICH AVE N MINNEAPOLIS MN 55412 | DIEGO M E VELECELA ET AL | RESIDENTIAL | $152,200 | 83 ft |
| 4024 ALDRICH AVE N MINNEAPOLIS MN 55412 | DAWN E PATTERSON | RESIDENTIAL | $196,900 | 84 ft |
| 4044 ALDRICH AVE N MINNEAPOLIS MN 55412 | MERRI D DEPREZ | RESIDENTIAL | $367,000 | 125 ft |
| 4020 ALDRICH AVE N MINNEAPOLIS MN 55412 | J G ANDRADE & A A ORTIZ | RESIDENTIAL | $158,700 | 127 ft |
| 4031 LYNDALE AVE N MINNEAPOLIS MN 55412 | ASHRAF LLC | RESIDENTIAL | $127,800 | 140 ft |
| 4033 LYNDALE AVE N MINNEAPOLIS MN 55412 | L G S LITUMA & E E V JIMENEZ | RESIDENTIAL | $289,000 | 145 ft |
| 4025 LYNDALE AVE N MINNEAPOLIS MN 55412 | P M BREKKE & B A OLSON | RESIDENTIAL-TWO UNIT | $256,500 | 146 ft |
| 4037 LYNDALE AVE N MINNEAPOLIS MN 55412 | CHRISTOPHER A NANKIVIL | RESIDENTIAL-ZERO LOT LINE | $162,900 | 156 ft |
Most Recent Sale
Current Tax Year