Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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.
4 permits on record since 2017 · $3K total declared value · Most recent: May 2026 (res)
Northern's Benjamin Franklin Plumbing
Summit Installations LLC
CenterPoint Energy Resource Corp
CENTERPOINT ENERGY
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 2,596 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3935 EMERSON AVE N MINNEAPOLIS MN 55412 | G T OLSON & K E VIDMAR | RESIDENTIAL | $186,100 | 40 ft |
| 3927 EMERSON AVE N MINNEAPOLIS MN 55412 | JULIAN POZOS MENDOZA | RESIDENTIAL | $210,000 | 40 ft |
| 3939 EMERSON AVE N MINNEAPOLIS MN 55412 | MATTHEW A MARKA | RESIDENTIAL | $167,000 | 80 ft |
| 3923 EMERSON AVE N MINNEAPOLIS MN 55412 | JACQUELYNNE SUTTON | RESIDENTIAL | $262,000 | 80 ft |
| 3943 EMERSON AVE N MINNEAPOLIS MN 55412 | FABRICE PIARD | RESIDENTIAL | $128,000 | 120 ft |
| 3919 EMERSON AVE N MINNEAPOLIS MN 55412 | MARIA MARINO-IDSINGA | RESIDENTIAL | $213,900 | 120 ft |
| 3930 FREMONT AVE N MINNEAPOLIS MN 55412 | LORI ANN SAULSBERRY | RESIDENTIAL | $141,800 | 140 ft |
| 3926 FREMONT AVE N MINNEAPOLIS MN 55412 | KEVIN COLVIN | RESIDENTIAL | $207,000 | 145 ft |
| 3934 FREMONT AVE N MINNEAPOLIS MN 55412 | RENOVO PROPERTIES LLC | RESIDENTIAL | $233,300 | 146 ft |
| 3947 EMERSON AVE N MINNEAPOLIS MN 55412 | B D RETZLAFF & L A RETZLAFF | RESIDENTIAL-TWO UNIT | $227,100 | 160 ft |
Most Recent Sale
Current Tax Year