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.
5 permits on record since 2017 · $289K total declared value · Most recent: Nov 2025 (misc)
Hail Experts Inc
Bartylla Plumbing and Heating Inc
7 Metro Heating and Air Conditioning
Bartylla Plumbing and Heating Inc
JL HOMES LUTZ CONSTRUCTION
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 2,600 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3959 EMERSON AVE N MINNEAPOLIS MN 55412 | ALLYSON MARIE INDVIK | RESIDENTIAL | $176,700 | 39 ft |
| 3951 EMERSON AVE N MINNEAPOLIS MN 55412 | BRETT P FRAYSETH | RESIDENTIAL | $179,000 | 40 ft |
| 3947 EMERSON AVE N MINNEAPOLIS MN 55412 | B D RETZLAFF & L A RETZLAFF | RESIDENTIAL-TWO UNIT | $227,100 | 80 ft |
| 3943 EMERSON AVE N MINNEAPOLIS MN 55412 | FABRICE PIARD | RESIDENTIAL | $128,000 | 120 ft |
| 3956 FREMONT AVE N MINNEAPOLIS MN 55412 | MARIA D C VERA-GUADARRAMA | RESIDENTIAL | $214,700 | 141 ft |
| 3950 FREMONT AVE N MINNEAPOLIS MN 55412 | SKIP NELSON | RESIDENTIAL-TWO UNIT | $248,500 | 145 ft |
| 3958 FREMONT AVE N MINNEAPOLIS MN 55412 | JAMES G PETERS | RESIDENTIAL-TWO UNIT | $188,100 | 146 ft |
| 4001 EMERSON AVE N MINNEAPOLIS MN 55412 | JAMES TAYLOR | RESIDENTIAL | $214,800 | 149 ft |
| 3939 EMERSON AVE N MINNEAPOLIS MN 55412 | MATTHEW A MARKA | RESIDENTIAL | $167,000 | 160 ft |
| 3946 FREMONT AVE N MINNEAPOLIS MN 55412 | JSW PROPERTIES LLC | RESIDENTIAL | $235,400 | 160 ft |
Most Recent Sale
Current Tax Year