Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2020 · $301K total declared value · Most recent: Aug 2021 (newres)
Advanced Heating & Air Conditioning LLC
Great Quality Plumbing Inc
UNITS ENVIRONMENT SCIENCES INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Folwell · 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 2,574 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3443 EMERSON AVE N MINNEAPOLIS MN 55412 | CITY/LAKES COMMUNITY LAND TR | — | $157,000 | 40 ft |
| 3435 EMERSON AVE N MINNEAPOLIS MN 55412 | ANNA WERNER | RESIDENTIAL | $213,200 | 40 ft |
| 3447 EMERSON AVE N MINNEAPOLIS MN 55412 | ERIN GRONVALL | RESIDENTIAL | $220,000 | 80 ft |
| 3431 EMERSON AVE N MINNEAPOLIS MN 55412 | R E GILKEY & T C GILKEY SR | RESIDENTIAL | $225,500 | 80 ft |
| 3451 EMERSON AVE N MINNEAPOLIS MN 55412 | EVANS LAROCHE | RESIDENTIAL | $304,000 | 120 ft |
| 3427 EMERSON AVE N MINNEAPOLIS MN 55412 | ANDREA L ORDONEZ ORDONEZ | RESIDENTIAL | $171,000 | 120 ft |
| 3438 FREMONT AVE N MINNEAPOLIS MN 55412 | J ROBINSON & P BOROM | RESIDENTIAL | $240,500 | 140 ft |
| 3434 FREMONT AVE N MINNEAPOLIS MN 55412 | ADEM WAKO | RESIDENTIAL | $201,500 | 145 ft |
| 3442 FREMONT AVE N MINNEAPOLIS MN 55412 | D K GIESEN & G D MODDER | RESIDENTIAL | $123,000 | 146 ft |
| 3455 EMERSON AVE N MINNEAPOLIS MN 55412 | MICHAEL L TAYLOR | RESIDENTIAL | $197,000 | 160 ft |
Most Recent Sale
Current Tax Year