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 · $3K total declared value · Most recent: Mar 2026 (addition)
Hage Construction Co
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 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 2,521 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3558 ALDRICH AVE N MINNEAPOLIS MN 55412 | DANNON DRAKE GISSLEN | RESIDENTIAL | $126,000 | 39 ft |
| 3550 ALDRICH AVE N MINNEAPOLIS MN 55412 | JAYMI MARIE L'AZOU | RESIDENTIAL | $174,900 | 40 ft |
| 3546 ALDRICH AVE N MINNEAPOLIS MN 55412 | SHARDAY JACKSON | RESIDENTIAL | $169,000 | 80 ft |
| 3542 ALDRICH AVE N MINNEAPOLIS MN 55412 | RAYMOND WILLIAM WILLIAMS | RESIDENTIAL | $105,500 | 120 ft |
| 3600 ALDRICH AVE N MINNEAPOLIS MN 55412 | SUKO BUDIJONO | RESIDENTIAL | $212,100 | 138 ft |
| 3555 LYNDALE AVE N MINNEAPOLIS MN 55412 | MARIA LUZ GRANDA MIZHIRUMBAY | RESIDENTIAL | $161,300 | 138 ft |
| 3559 LYNDALE AVE N MINNEAPOLIS MN 55412 | SUPTON LLC | COMMERCIAL-PREFERRED | $286,000 | 143 ft |
| 3551 LYNDALE AVE N MINNEAPOLIS MN 55412 | TAKIYAH STEWART | RESIDENTIAL | $169,200 | 144 ft |
| 3547 LYNDALE AVE N MINNEAPOLIS MN 55412 | NADREA FAVORS & JADDA LEE | RESIDENTIAL-TWO UNIT | $256,400 | 160 ft |
| 3538 ALDRICH AVE N MINNEAPOLIS MN 55412 | N R & P JOHNSON | RESIDENTIAL | $194,000 | 160 ft |
Most Recent Sale
Current Tax Year