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.
2 permits on record since 2023 · Most recent: Apr 2025 (res)
Metro Heating & Cooling LLC
CENTERPOINT ENERGY
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
Residential Mixed-Use 1 — low-density mixed 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 |
|---|---|---|---|---|
| 3438 FREMONT AVE N MINNEAPOLIS MN 55412 | J ROBINSON & P BOROM | RESIDENTIAL | $240,500 | 40 ft |
| 3446 FREMONT AVE N MINNEAPOLIS MN 55412 | REAL ROTH SOLUTIONS | RESIDENTIAL | $97,100 | 40 ft |
| 3434 FREMONT AVE N MINNEAPOLIS MN 55412 | ADEM WAKO | RESIDENTIAL | $201,500 | 80 ft |
| 3450 FREMONT AVE N MINNEAPOLIS MN 55412 | OLUSEGUN AKINROLUYO | VACANT LAND-RESIDENTIAL | $13,000 | 80 ft |
| 3430 FREMONT AVE N MINNEAPOLIS MN 55412 | JUAN JAIME CASTRO ORTIZ | RESIDENTIAL | $251,000 | 120 ft |
| 3452 FREMONT AVE N MINNEAPOLIS MN 55412 | COMFORT MAKERS MECHANICAL | COMMERCIAL-PREFERRED | $385,000 | 138 ft |
| 3443 EMERSON AVE N MINNEAPOLIS MN 55412 | CITY/LAKES COMMUNITY LAND TR | — | $157,000 | 140 ft |
| 3447 EMERSON AVE N MINNEAPOLIS MN 55412 | ERIN GRONVALL | RESIDENTIAL | $220,000 | 145 ft |
| 3439 EMERSON AVE N MINNEAPOLIS MN 55412 | Y S SALAZAR & O P PINEDA | RESIDENTIAL | $369,000 | 146 ft |
| 3451 EMERSON AVE N MINNEAPOLIS MN 55412 | EVANS LAROCHE | RESIDENTIAL | $304,000 | 160 ft |
Most Recent Sale
Current Tax Year