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.
1 permit on record since 2023 · Most recent: Jan 2023 (res)
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 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 2,582 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3746 GIRARD AVE N MINNEAPOLIS MN 55412 | ANGELICA LEE & AJAI DATT | RESIDENTIAL | $273,100 | 40 ft |
| 1315 DOWLING AVE N MINNEAPOLIS MN 55412 | EVEREST HOLDINGS LLC | APARTMENT | $853,000 | 59 ft |
| 3742 GIRARD AVE N MINNEAPOLIS MN 55412 | LOU ANN WRIGHT | RESIDENTIAL | $136,000 | 80 ft |
| 3738 GIRARD AVE N MINNEAPOLIS MN 55412 | E RUNDQUIST/J CONROY | RESIDENTIAL | $192,900 | 120 ft |
| 3751 FREMONT AVE N MINNEAPOLIS MN 55412 | BONNI J MCCONNELL | RESIDENTIAL-TWO UNIT | $255,500 | 140 ft |
| 3755 FREMONT AVE N MINNEAPOLIS MN 55412 | NOMI CRE-FREEMONT PROP LLC | RESIDENTIAL | $162,000 | 145 ft |
| 3747 FREMONT AVE N MINNEAPOLIS MN 55412 | LAURENCE GRIFFIN | RESIDENTIAL | $211,600 | 146 ft |
| 3759 FREMONT AVE N MINNEAPOLIS MN 55412 | ASSERTIVE MPLS-CRE PROPS LLC | LAND-COMMERCIAL | $19,200 | 159 ft |
| 3732 GIRARD AVE N MINNEAPOLIS MN 55412 | TEALE BROWN & SHAKEER BROWN | RESIDENTIAL-TWO UNIT | $217,700 | 160 ft |
| 3743 FREMONT AVE N MINNEAPOLIS MN 55412 | WILLIAM TIPPING | RESIDENTIAL | $231,000 | 162 ft |
Most Recent Sale
Current Tax Year