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 2019 · Most recent: Nov 2025 (res)
Urban Pine Plumbing and Mechanical Inc
Centraire Heating & Air Conditioning LLC
UPTOWN PLUMBING HEATING AND COOLING
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 3,076 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3451 COLFAX AVE N MINNEAPOLIS MN 55412 | SERGIO M SERRATO SALAZAR | RESIDENTIAL | $250,800 | 45 ft |
| 3443 COLFAX AVE N MINNEAPOLIS MN 55412 | J F POWELL & S J MAJORS | RESIDENTIAL | $215,700 | 46 ft |
| 3439 COLFAX AVE N MINNEAPOLIS MN 55412 | SAASAA EMEKA & MITSUKO EMEKA | RESIDENTIAL | $203,900 | 92 ft |
| 3435 COLFAX AVE N MINNEAPOLIS MN 55412 | SHELLY N PEDDICORD | RESIDENTIAL | $218,100 | 138 ft |
| 3446 DUPONT AVE N MINNEAPOLIS MN 55412 | DUPONT DUPLEX LLC | RESIDENTIAL-TWO UNIT | $382,000 | 139 ft |
| 3442 DUPONT AVE N MINNEAPOLIS MN 55412 | P FREITAG & K FREITAG | LOW INCOME RENTAL | $107,300 | 146 ft |
| 3450 DUPONT AVE N MINNEAPOLIS MN 55412 | SONG LEE | RESIDENTIAL | $305,200 | 147 ft |
| 3503 COLFAX AVE N MINNEAPOLIS MN 55412 | CRAIG/BRANDI LEGVOLD LIV TR | RESIDENTIAL | $229,000 | 149 ft |
| 3438 DUPONT AVE N MINNEAPOLIS MN 55412 | CHARLES TROUNG | RESIDENTIAL | $245,500 | 166 ft |
| 3431 COLFAX AVE N MINNEAPOLIS MN 55412 | ISELA GOMEZ | RESIDENTIAL | $369,000 | 184 ft |
Current Tax Year