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 2021 · $3K total declared value · Most recent: Aug 2025 (addition)
JC Miller and Sons Inc
CenterPoint Energy Resource Corp
GV Heating and Air Inc
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 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 2,579 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3723 EMERSON AVE N MINNEAPOLIS MN 55412 | L UNDERWOOD & N FIDELER | RESIDENTIAL | $257,300 | 40 ft |
| 3715 EMERSON AVE N MINNEAPOLIS MN 55412 | JON WOELFER & KELLY CLAUSSEN | RESIDENTIAL | $228,400 | 40 ft |
| 3727 EMERSON AVE N MINNEAPOLIS MN 55412 | DONNA M MCKIRDY | RESIDENTIAL | $216,400 | 80 ft |
| 3711 EMERSON AVE N MINNEAPOLIS MN 55412 | ABIGAIL AHLBERG/THOMAS COATS | RESIDENTIAL | $213,600 | 80 ft |
| 3731 EMERSON AVE N MINNEAPOLIS MN 55412 | KELLY D IJANG | RESIDENTIAL | $223,900 | 124 ft |
| 3718 FREMONT AVE N MINNEAPOLIS MN 55412 | S M AYAVACA & L T A SANCHEZ | RESIDENTIAL | $231,000 | 140 ft |
| 1200 37TH AVE N MINNEAPOLIS MN 55412 | J M Y PINGUIL & M M Z YUPA | COMMERCIAL-PREFERRED | $476,000 | 140 ft |
| 3714 FREMONT AVE N MINNEAPOLIS MN 55412 | DARIO H FERNANDEZ LALA | RESIDENTIAL | $249,500 | 145 ft |
| 3722 FREMONT AVE N MINNEAPOLIS MN 55412 | PINEWOOD LLC | RESIDENTIAL | $106,000 | 146 ft |
| 3710 FREMONT AVE N MINNEAPOLIS MN 55412 | HOUSING FIRST SOLUTIONS LLC | RESIDENTIAL | $154,300 | 160 ft |
Most Recent Sale
Current Tax Year