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: Nov 2024 (res)
CenterPoint Energy Resource Corp
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 2,602 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3942 COLFAX AVE N MINNEAPOLIS MN 55412 | VADIM BLYAKHMAN | RESIDENTIAL | $266,600 | 40 ft |
| 3950 COLFAX AVE N MINNEAPOLIS MN 55412 | LAKINGA PARKER | RESIDENTIAL | $215,600 | 40 ft |
| 3938 COLFAX AVE N MINNEAPOLIS MN 55412 | K M SIEMERS & H F GROCE | RESIDENTIAL | $238,600 | 80 ft |
| 3954 COLFAX AVE N MINNEAPOLIS MN 55412 | AUSTIN HUNT | RESIDENTIAL | $133,500 | 80 ft |
| 3958 COLFAX AVE N MINNEAPOLIS MN 55412 | HARRY COOPER/MELISSA COOPER | RESIDENTIAL | $178,000 | 119 ft |
| 3934 COLFAX AVE N MINNEAPOLIS MN 55412 | DANIELLE HALL GILES | RESIDENTIAL | $212,800 | 120 ft |
| 3947 BRYANT AVE N MINNEAPOLIS MN 55412 | GALATIONS LLC | RESIDENTIAL | $166,000 | 140 ft |
| 3951 BRYANT AVE N MINNEAPOLIS MN 55412 | HONEYBEE INVESTMENTS LLC | RESIDENTIAL | $281,000 | 145 ft |
| 3943 BRYANT AVE N MINNEAPOLIS MN 55412 | TRESA BOOTH | RESIDENTIAL | $183,200 | 147 ft |
| 3955 BRYANT AVE N MINNEAPOLIS MN 55412 | MELONNI ELIZABETH ROSE | RESIDENTIAL | $226,300 | 160 ft |
Most Recent Sale
Current Tax Year