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.
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 2,574 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3647 COLFAX AVE N MINNEAPOLIS MN 55412 | BRET HUMMEL | RESIDENTIAL | $260,400 | 40 ft |
| 3639 COLFAX AVE N MINNEAPOLIS MN 55412 | K A E BENJAMIN | RESIDENTIAL | $262,000 | 40 ft |
| 3651 COLFAX AVE N MINNEAPOLIS MN 55412 | CAROL A LAWRENCE | RESIDENTIAL | $182,600 | 80 ft |
| 3635 COLFAX AVE N MINNEAPOLIS MN 55412 | KEITH D MALMER | RESIDENTIAL | $130,000 | 80 ft |
| 3655 COLFAX AVE N MINNEAPOLIS MN 55412 | RICHARD G SUNDEEN | RESIDENTIAL | $146,000 | 120 ft |
| 3631 COLFAX AVE N MINNEAPOLIS MN 55412 | ADELINE BARRETT | RESIDENTIAL | $272,000 | 120 ft |
| 3642 DUPONT AVE N MINNEAPOLIS MN 55412 | ANITA SOUVANNASY | RESIDENTIAL | $225,000 | 140 ft |
| 3638 DUPONT AVE N MINNEAPOLIS MN 55412 | M K YORDANOVA & E E LIQUEZ | RESIDENTIAL | $189,800 | 144 ft |
| 3646 DUPONT AVE N MINNEAPOLIS MN 55412 | DAVID BACKER & RACHEL BACKER | RESIDENTIAL | $200,000 | 146 ft |
| 3634 DUPONT AVE N MINNEAPOLIS MN 55412 | LORI LINGBECK | RESIDENTIAL-TWO UNIT | $301,200 | 158 ft |
Most Recent Sale
Current Tax Year