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.
2 permits on record since 2023 · $16K total declared value · Most recent: Nov 2024 (misc)
STERLING CONCEPTS LLC
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 2,572 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3635 EMERSON AVE N MINNEAPOLIS MN 55412 | GALE D LEFLORE | RESIDENTIAL | $200,000 | 40 ft |
| 3627 EMERSON AVE N MINNEAPOLIS MN 55412 | CRAIG DAVID GUSTAF PAGE | RESIDENTIAL-TWO UNIT | $399,900 | 40 ft |
| 3637 EMERSON AVE N MINNEAPOLIS MN 55412 | R HARTY & A N M HARTY | RESIDENTIAL | $367,000 | 80 ft |
| 3623 EMERSON AVE N MINNEAPOLIS MN 55412 | KAYTLYN LUNDSTROM | RESIDENTIAL | $212,900 | 80 ft |
| 3643 EMERSON AVE N MINNEAPOLIS MN 55412 | MAYURA HOMES & RENTALS LLC | RESIDENTIAL | $156,000 | 120 ft |
| 3619 EMERSON AVE N MINNEAPOLIS MN 55412 | CHARLES M PETERSON | RESIDENTIAL | $193,600 | 120 ft |
| 3630 FREMONT AVE N MINNEAPOLIS MN 55412 | DKW PROPERTIES LLC | RESIDENTIAL | $125,000 | 139 ft |
| 3626 FREMONT AVE N MINNEAPOLIS MN 55412 | TINA RITCHIE | RESIDENTIAL | $218,900 | 144 ft |
| 3632 FREMONT AVE N MINNEAPOLIS MN 55412 | N M PROPERTIES MANAGEMNT LLC | APARTMENT | $379,000 | 151 ft |
| 3620 FREMONT AVE N MINNEAPOLIS MN 55412 | A R DAVIS & J M JOHNSON | RESIDENTIAL | $142,800 | 159 ft |
Most Recent Sale
Current Tax Year