Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2020 · $5K total declared value · Most recent: Oct 2023 (misc)
BUDGET CONSTRUCTION LLC
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
McKinley · 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 2,579 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3719 COLFAX AVE N MINNEAPOLIS MN 55412 | KAYLARAE MCDONOUGH | RESIDENTIAL | $183,800 | 40 ft |
| 3711 COLFAX AVE N MINNEAPOLIS MN 55412 | PLAZA I INC | RESIDENTIAL | $140,000 | 40 ft |
| 3723 COLFAX AVE N MINNEAPOLIS MN 55412 | BRENNETTA HARRIS | RESIDENTIAL | $233,000 | 80 ft |
| 3705 COLFAX AVE N MINNEAPOLIS MN 55412 | JERRY A MARSHALL | RESIDENTIAL | $224,200 | 80 ft |
| 3727 COLFAX AVE N MINNEAPOLIS MN 55412 | CHELSEA M SHODEEN | RESIDENTIAL | $168,200 | 120 ft |
| 3701 COLFAX AVE N MINNEAPOLIS MN 55412 | TSWVNTAJ LAUJ | RESIDENTIAL | $247,000 | 120 ft |
| 3714 DUPONT AVE N MINNEAPOLIS MN 55412 | SHAWNELL VINCENT | RESIDENTIAL | $155,200 | 140 ft |
| 3710 DUPONT AVE N MINNEAPOLIS MN 55412 | YEE VANG & JOHN VANG | RESIDENTIAL | $214,900 | 145 ft |
| 3718 DUPONT AVE N MINNEAPOLIS MN 55412 | MADISON AVE HOMES LLC | RESIDENTIAL | $224,000 | 146 ft |
| 3731 COLFAX AVE N MINNEAPOLIS MN 55412 | ANGEL MAXWELL & CLYDE RHODES | RESIDENTIAL | $203,900 | 160 ft |
Most Recent Sale
Current Tax Year