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.
3 permits on record since 2020 · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
Air It Indoor Comfort LLC
CENTERPOINT ENERGY
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
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 3,514 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4043 COLFAX AVE N MINNEAPOLIS MN 55412 | L D R SANANGO & A PEREZ | RESIDENTIAL | $223,000 | 43 ft |
| 4035 COLFAX AVE N MINNEAPOLIS MN 55412 | CHI DINH GIAO | RESIDENTIAL | $122,000 | 50 ft |
| 4045 COLFAX AVE N MINNEAPOLIS MN 55412 | O P SANCHEZ & K A KROB | RESIDENTIAL-TWO UNIT | $229,800 | 80 ft |
| 4031 COLFAX AVE N MINNEAPOLIS MN 55412 | NICHOLAS R ANDERSON | RESIDENTIAL-TWO UNIT | $258,300 | 100 ft |
| 4047 COLFAX AVE N MINNEAPOLIS MN 55412 | ANA DARK SKY | RESIDENTIAL | $233,400 | 120 ft |
| 4038 DUPONT AVE N MINNEAPOLIS MN 55412 | ADAM SARI & JULIYA SARI | RESIDENTIAL | $306,000 | 142 ft |
| 4025 COLFAX AVE N MINNEAPOLIS MN 55412 | LISA M NAWROCKI | RESIDENTIAL-TWO UNIT | $315,700 | 150 ft |
| 4034 DUPONT AVE N MINNEAPOLIS MN 55412 | FAITH WALKER/NATHALEE WALKER | RESIDENTIAL | $231,400 | 150 ft |
| 4042 DUPONT AVE N MINNEAPOLIS MN 55412 | L M BOYD & S J TAYLOR | RESIDENTIAL | $193,900 | 151 ft |
| 4049 COLFAX AVE N MINNEAPOLIS MN 55412 | MUNAH MITCHELL TWEH | RESIDENTIAL-TWO UNIT | $289,800 | 160 ft |
Most Recent Sale
Current Tax Year