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 2,589 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3847 COLFAX AVE N MINNEAPOLIS MN 55412 | ELIZABETH BONINE | RESIDENTIAL | $197,700 | 40 ft |
| 3839 COLFAX AVE N MINNEAPOLIS MN 55412 | CONNIE M WREATH | RESIDENTIAL | $136,700 | 40 ft |
| 3851 COLFAX AVE N MINNEAPOLIS MN 55412 | W L & D A BONINE | RESIDENTIAL | $242,200 | 80 ft |
| 3835 COLFAX AVE N MINNEAPOLIS MN 55412 | DEANNA NICOLE BUSSIERE | RESIDENTIAL | $218,700 | 80 ft |
| 3855 COLFAX AVE N MINNEAPOLIS MN 55412 | GJERTSON FAMILY TRUST | RESIDENTIAL | $200,700 | 120 ft |
| 3831 COLFAX AVE N MINNEAPOLIS MN 55412 | JANUSZ ELMO AYALA | RESIDENTIAL | $175,600 | 120 ft |
| 3842 DUPONT AVE N MINNEAPOLIS MN 55412 | SAMANTHA DEFOE | RESIDENTIAL | $169,900 | 140 ft |
| 3838 DUPONT AVE N MINNEAPOLIS MN 55412 | CAROL LYNN MEAUX | RESIDENTIAL | $261,200 | 145 ft |
| 3846 DUPONT AVE N MINNEAPOLIS MN 55412 | ALEXANDRA Y JARA-ZHAGUI | RESIDENTIAL | $162,800 | 146 ft |
| 3859 COLFAX AVE N MINNEAPOLIS MN 55412 | ROBERT M KELLER ETAL | RESIDENTIAL | $103,000 | 157 ft |
Most Recent Sale
Current Tax Year