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.
3 permits on record since 2023 · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
Warners Stellian Co Inc
Binz Plumbing LLC
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 2,904 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3418 COLFAX AVE N MINNEAPOLIS MN 55412 | FREDDY J RAY & JOSHUA V RAY | RESIDENTIAL | $197,000 | 44 ft |
| 3410 COLFAX AVE N MINNEAPOLIS MN 55412 | RILEY MATTHEW JOHNSON | RESIDENTIAL | $262,000 | 45 ft |
| 3420 COLFAX AVE N MINNEAPOLIS MN 55412 | RICO MILES | RESIDENTIAL-TWO UNIT | $210,000 | 89 ft |
| 3406 COLFAX AVE N MINNEAPOLIS MN 55412 | KATHY LITTLE | RESIDENTIAL | $207,000 | 91 ft |
| 3424 COLFAX AVE N MINNEAPOLIS MN 55412 | J & S ECKBLAD | RESIDENTIAL | $159,300 | 135 ft |
| 3415 BRYANT AVE N MINNEAPOLIS MN 55412 | JOHNNY LEE & NALEE VUE | RESIDENTIAL | $239,700 | 139 ft |
| 3400 COLFAX AVE N MINNEAPOLIS MN 55412 | JULIE A & ALEXANDER ROSS | RESIDENTIAL | $150,800 | 139 ft |
| 3417 BRYANT AVE N MINNEAPOLIS MN 55412 | MINDY MEEHAN | RESIDENTIAL-TWO UNIT | $262,500 | 145 ft |
| 3411 BRYANT AVE N MINNEAPOLIS MN 55412 | JOHN VARPNESS | RESIDENTIAL-TWO UNIT | $229,900 | 148 ft |
| 3423 BRYANT AVE N MINNEAPOLIS MN 55412 | SIERRA CHANCE CARTER | RESIDENTIAL | $293,000 | 164 ft |
Most Recent Sale
Current Tax Year