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 2022 · $50K total declared value · Most recent: Dec 2024 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Coleman & Son Contracting LLC
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 1,658 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4034 COLFAX AVE N MINNEAPOLIS MN 55412 | J Q FERNANDEZ & W A JARA | RESIDENTIAL-TWO UNIT | $199,800 | 35 ft |
| 4042 COLFAX AVE N MINNEAPOLIS MN 55412 | PAUL & KIMBERLY FREITAG | LOW INCOME RENTAL | $157,900 | 40 ft |
| 4032 COLFAX AVE N MINNEAPOLIS MN 55412 | NANCY VANG | RESIDENTIAL | $169,100 | 75 ft |
| 4046 COLFAX AVE N MINNEAPOLIS MN 55412 | MN RENTAL PROPERTIES LLC | LOW INCOME RENTAL | $80,700 | 90 ft |
| 4030 COLFAX AVE N MINNEAPOLIS MN 55412 | MARK E BENOLKEN | RESIDENTIAL | $235,700 | 115 ft |
| 4050 COLFAX AVE N MINNEAPOLIS MN 55412 | PAUL T TROTT | RESIDENTIAL | $210,000 | 143 ft |
| 4039 BRYANT AVE N MINNEAPOLIS MN 55412 | HOLLY A LEE | RESIDENTIAL | $203,400 | 144 ft |
| 4043 BRYANT AVE N MINNEAPOLIS MN 55412 | ELISSA FRANKLIN | RESIDENTIAL | $229,900 | 149 ft |
| 4033 BRYANT AVE N MINNEAPOLIS MN 55412 | CHRISTOPHER HYNES SR | RESIDENTIAL-TWO UNIT | $249,200 | 157 ft |
| 4026 COLFAX AVE N MINNEAPOLIS MN 55412 | L R & D A WUOLLET | RESIDENTIAL | $232,300 | 160 ft |
Most Recent Sale
Current Tax Year