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.
5 permits on record since 2021 · $20K total declared value · Most recent: Sep 2022 (misc)
Innovative Basement Authority
MN Plumbing & Home Services INC
ANGEL GUARD CONTRACTING INC
MESPO HEATING AND COOLING INC
Great Quality Plumbing Inc
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 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 2,532 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3646 ALDRICH AVE N MINNEAPOLIS MN 55412 | GABRIEL MARTINEZ FLORES | RESIDENTIAL | $191,700 | 40 ft |
| 3654 ALDRICH AVE N MINNEAPOLIS MN 55412 | CITY OF LAKES COMM LAND TRST | — | $218,900 | 40 ft |
| 3642 ALDRICH AVE N MINNEAPOLIS MN 55412 | L MUHAMMAD & G MUHAMMAD | RESIDENTIAL | $289,900 | 80 ft |
| 3658 ALDRICH AVE N MINNEAPOLIS MN 55412 | JOSE YUPA | VACANT LAND-RESIDENTIAL | $17,000 | 81 ft |
| 3638 ALDRICH AVE N MINNEAPOLIS MN 55412 | C SCHIMBERG & R SCHIMBERG | RESIDENTIAL | $241,100 | 120 ft |
| 3653 LYNDALE AVE N MINNEAPOLIS MN 55412 | MANUEL CRUZ GUAMBANA DELEG | RESIDENTIAL | $204,000 | 141 ft |
| 3649 LYNDALE AVE N MINNEAPOLIS MN 55412 | A SKROMANIS & S ROGOZINS | RESIDENTIAL | $177,200 | 142 ft |
| 3657 LYNDALE AVE N MINNEAPOLIS MN 55412 | ESTOREMASTERS LLC | VACANT LAND-RESIDENTIAL | $0 | 159 ft |
| 3634 ALDRICH AVE N MINNEAPOLIS MN 55412 | ASHLEY WELSH & JULIAN LIPTON | RESIDENTIAL | $227,500 | 160 ft |
| 3643 LYNDALE AVE N MINNEAPOLIS MN 55412 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 161 ft |
Most Recent Sale
Current Tax Year