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 · Most recent: Jan 2025 (existres)
Owens Companies Inc
Master Plumbing Services LLC
SC SERVICE 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 2 — moderate-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 small multifamily (2–4 units, wood frame) benchmarks for 2,552 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3910 ALDRICH AVE N MINNEAPOLIS MN 55412 | JESSICA SOLANA FLORES | RESIDENTIAL | $201,900 | 40 ft |
| 3918 ALDRICH AVE N MINNEAPOLIS MN 55412 | ANNIE LOUISE LAMPKIN | RESIDENTIAL | $190,900 | 40 ft |
| 3906 ALDRICH AVE N MINNEAPOLIS MN 55412 | RALPH JOHNSON & MARVA UPSHAW | RESIDENTIAL | $265,300 | 80 ft |
| 3922 ALDRICH AVE N MINNEAPOLIS MN 55412 | MELEA BARDAL | RESIDENTIAL | $131,000 | 80 ft |
| 3900 ALDRICH AVE N MINNEAPOLIS MN 55412 | CITY/LAKES COMMUNITY LAND TR | — | $314,000 | 120 ft |
| 3926 ALDRICH AVE N MINNEAPOLIS MN 55412 | D NELSON & R M SALONEK | RESIDENTIAL | $232,800 | 120 ft |
| 3915 LYNDALE AVE N MINNEAPOLIS MN 55412 | LINDA D & LEVON BURT | RESIDENTIAL | $246,600 | 139 ft |
| 3919 LYNDALE AVE N MINNEAPOLIS MN 55412 | AMANDA NICOLE MORRIS | RESIDENTIAL | $253,000 | 144 ft |
| 3911 LYNDALE AVE N MINNEAPOLIS MN 55412 | BENJAMIN A BREKKE | RESIDENTIAL | $223,800 | 145 ft |
| 3921 LYNDALE AVE N MINNEAPOLIS MN 55412 | 3921 LYNDALE LLC | RESIDENTIAL-TWO UNIT | $343,600 | 159 ft |
Most Recent Sale
Current Tax Year