Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
1 permit on record since 2025 · Most recent: Jun 2025 (existres)
Air Mechanical 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
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 3-story wood frame (5–12 units) benchmarks for 3,039 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3318 FREMONT AVE N MINNEAPOLIS MN 55412 | AGNES BAYOH | RESIDENTIAL | $113,000 | 45 ft |
| 3322 FREMONT AVE N MINNEAPOLIS MN 55412 | CITY OF MINNEAPOLIS-CPED | VACANT LAND-RESIDENTIAL | $0 | 90 ft |
| 3300 FREMONT AVE N MINNEAPOLIS MN 55412 | FREMONT COMM HEALTH SERVICES | COMMERCIAL-PREFERRED | $0 | 93 ft |
| 3326 FREMONT AVE N MINNEAPOLIS MN 55412 | EVEREST HOLDINGS LLC | LOW INCOME RENTAL | $222,400 | 135 ft |
| 3315 EMERSON AVE N MINNEAPOLIS MN 55412 | K GOBLIRSH & J KANTOR | RESIDENTIAL | $202,000 | 139 ft |
| 3319 EMERSON AVE N MINNEAPOLIS MN 55412 | JARED ROSS KANTOR | VACANT LAND-RESIDENTIAL | $12,000 | 146 ft |
| 3311 EMERSON AVE N MINNEAPOLIS MN 55412 | CHARLES TRUONG | RESIDENTIAL | $157,000 | 146 ft |
| 3323 EMERSON AVE N MINNEAPOLIS MN 55412 | TRAVIS PETERS | RESIDENTIAL | $178,200 | 165 ft |
| 3307 EMERSON AVE N MINNEAPOLIS MN 55412 | ABRAHAM IBARRA SEGURA | VACANT LAND-RESIDENTIAL | $13,000 | 166 ft |
| 3330 FREMONT AVE N MINNEAPOLIS MN 55412 | TREMAINE DARNELL STEVENS | RESIDENTIAL | $155,300 | 179 ft |
Current Tax Year