Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the Minneapolis North Green Zone (incl NE) — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green 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 2019 · $900 total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Canfield Creations
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Folwell · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1009
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 2,641 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1120 37TH AVE N MINNEAPOLIS MN 55412 | JOHN C JOHNSON | RESIDENTIAL | $212,000 | 63 ft |
| 3710 EMERSON AVE N MINNEAPOLIS MN 55412 | MARGARETTE A NEVALAINEN ETAL | RESIDENTIAL | $126,000 | 65 ft |
| 3714 EMERSON AVE N MINNEAPOLIS MN 55412 | NATHANIEL HARVIE/NANCY SUDAK | RESIDENTIAL | $223,300 | 104 ft |
| 3707 DUPONT AVE N MINNEAPOLIS MN 55412 | JEANNE GESCHWIND | RESIDENTIAL | $183,000 | 116 ft |
| 3701 DUPONT AVE N MINNEAPOLIS MN 55412 | ROSELAWN INVESTMENT INC | VACANT LAND-RESIDENTIAL | $16,000 | 117 ft |
| 3658 EMERSON AVE N MINNEAPOLIS MN 55412 | A ESPELAND & A BRUCE | RESIDENTIAL | $322,000 | 123 ft |
| 3711 DUPONT AVE N MINNEAPOLIS MN 55412 | ANDREW RUSSELL GOODELL | RESIDENTIAL | $142,000 | 128 ft |
| 3718 EMERSON AVE N MINNEAPOLIS MN 55412 | BENNETT G ABRAHAMSON | RESIDENTIAL | $215,600 | 142 ft |
| 3715 DUPONT AVE N MINNEAPOLIS MN 55412 | JAMES W SIMS JR | RESIDENTIAL | $204,900 | 151 ft |
| 3656 EMERSON AVE N MINNEAPOLIS MN 55412 | THAI VANG | RESIDENTIAL | $341,000 | 163 ft |
Most Recent Sale
Current Tax Year