Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
No permits found in Minneapolis open data for this parcel.
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
Residential Mixed-Use 1 — low-density mixed 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 2,572 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3639 FREMONT AVE N MINNEAPOLIS MN 55412 | CITY OF LAKES COMM LAND TRST | — | $215,000 | 40 ft |
| 3631 FREMONT AVE N MINNEAPOLIS MN 55412 | MARIA S SCHRANDT | RESIDENTIAL | $178,400 | 40 ft |
| 3643 FREMONT AVE N MINNEAPOLIS MN 55412 | KELLEY MARTIN | RESIDENTIAL | $161,600 | 80 ft |
| 3627 FREMONT AVE N MINNEAPOLIS MN 55412 | KENNETH R KING-ADAMS | RESIDENTIAL | $186,200 | 80 ft |
| 3623 FREMONT AVE N MINNEAPOLIS MN 55412 | DANLEN PROPERTIES LLC | RESIDENTIAL | $139,000 | 119 ft |
| 3645 FREMONT AVE N MINNEAPOLIS MN 55412 | MARGITO SANMARTIN | RESIDENTIAL | $230,000 | 120 ft |
| 3634 GIRARD AVE N MINNEAPOLIS MN 55412 | R A BAIRES & S BAIRES | RESIDENTIAL | $195,300 | 140 ft |
| 3630 GIRARD AVE N MINNEAPOLIS MN 55412 | ALEXANDER ROSS & JULIE ROSS | RESIDENTIAL | $176,000 | 144 ft |
| 3638 GIRARD AVE N MINNEAPOLIS MN 55412 | KAITLYN PAURUS | RESIDENTIAL | $370,000 | 146 ft |
| 3619 FREMONT AVE N MINNEAPOLIS MN 55412 | PHOEBE HOLDINGS LLC | APARTMENT | $441,000 | 159 ft |
Most Recent Sale
Current Tax Year