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.
6 permits on record since 2023 · $52K total declared value · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
Paul Trott
Paul Trott
Paul Trott
Paul Trott
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 1 — low-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3,744 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4046 COLFAX AVE N MINNEAPOLIS MN 55412 | MN RENTAL PROPERTIES LLC | LOW INCOME RENTAL | $80,700 | 53 ft |
| 4042 COLFAX AVE N MINNEAPOLIS MN 55412 | PAUL & KIMBERLY FREITAG | LOW INCOME RENTAL | $157,900 | 103 ft |
| 4100 COLFAX AVE N MINNEAPOLIS MN 55412 | ALEXANDER J CORBIN | VACANT LAND-RESIDENTIAL | $17,000 | 116 ft |
| 912 41ST AVE N MINNEAPOLIS MN 55412 | SPARKLE D SMITH | RESIDENTIAL | $115,700 | 120 ft |
| 4038 COLFAX AVE N MINNEAPOLIS MN 55412 | NOMI WEBBER-CAMDEN PROP LLC | RESIDENTIAL-TWO UNIT | $215,400 | 143 ft |
| 4051 BRYANT AVE N MINNEAPOLIS MN 55412 | PINEWOOD LLC | RESIDENTIAL | $202,300 | 144 ft |
| 4047 BRYANT AVE N MINNEAPOLIS MN 55412 | SOBHY EL-MEHRAT | RESIDENTIAL | $207,300 | 154 ft |
| 4106 COLFAX AVE N MINNEAPOLIS MN 55412 | ALEXANDER J CORBIN | RESIDENTIAL | $252,300 | 163 ft |
| 908 41ST AVE N MINNEAPOLIS MN 55412 | TONYA M SALES | RESIDENTIAL | $147,400 | 175 ft |
| 4034 COLFAX AVE N MINNEAPOLIS MN 55412 | J Q FERNANDEZ & W A JARA | RESIDENTIAL-TWO UNIT | $199,800 | 177 ft |
Most Recent Sale
Current Tax Year