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.
2 permits on record since 2022 · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
Centraire Heating & Air Conditioning 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 2,624 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3939 COLFAX AVE N MINNEAPOLIS MN 55412 | STELLA THOMAS | RESIDENTIAL | $203,000 | 40 ft |
| 3931 COLFAX AVE N MINNEAPOLIS MN 55412 | J E PETERSON & R A KAHLER | RESIDENTIAL | $160,200 | 40 ft |
| 3943 COLFAX AVE N MINNEAPOLIS MN 55412 | RONALD C MATSON | RESIDENTIAL | $188,100 | 80 ft |
| 3927 COLFAX AVE N MINNEAPOLIS MN 55412 | DEANNA DAVIS | RESIDENTIAL | $233,000 | 80 ft |
| 3947 COLFAX AVE N MINNEAPOLIS MN 55412 | JOHN MATTHEW SAXE | RESIDENTIAL | $187,900 | 120 ft |
| 3923 COLFAX AVE N MINNEAPOLIS MN 55412 | OIG HOLDINGS LLC | RESIDENTIAL | $158,300 | 120 ft |
| 3934 DUPONT AVE N MINNEAPOLIS MN 55412 | PATRICIA MARIE PIESKE | RESIDENTIAL | $201,500 | 140 ft |
| 3930 DUPONT AVE N MINNEAPOLIS MN 55412 | MELISSA BROCKOFF | RESIDENTIAL | $275,700 | 145 ft |
| 3938 DUPONT AVE N MINNEAPOLIS MN 55412 | LEAH ARRIZON | RESIDENTIAL | $204,300 | 147 ft |
| 3926 DUPONT AVE N MINNEAPOLIS MN 55412 | EPSTEIN ENTERPRISES LLC | RESIDENTIAL | $180,700 | 160 ft |
Most Recent Sale
Current Tax Year