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 the Lowry Avenue North Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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.
3 permits on record since 2017 · $7K total declared value · Most recent: Aug 2019 (misc)
NORTHFACE CONSTRUCTION LLC
Safe Basements of MN
Residential Heating and Air Conditioning 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 3,070 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3243 FREMONT AVE N MINNEAPOLIS MN 55412 | LARISSA Y NICOLAS GALLARDO | RESIDENTIAL | $245,600 | 45 ft |
| 3235 FREMONT AVE N MINNEAPOLIS MN 55412 | ANGELA N WILSON | RESIDENTIAL | $201,600 | 45 ft |
| 3245 FREMONT AVE N MINNEAPOLIS MN 55412 | NICOLAS MENDEZ VELAZQUEZ | RESIDENTIAL | $220,900 | 89 ft |
| 3231 FREMONT AVE N MINNEAPOLIS MN 55412 | S C SANDERS-DAWKINS ET AL | RESIDENTIAL | $253,400 | 90 ft |
| 3227 FREMONT AVE N MINNEAPOLIS MN 55412 | CHRISTINA JOHN | RESIDENTIAL | $140,400 | 135 ft |
| 3238 GIRARD AVE N MINNEAPOLIS MN 55412 | DANLEN PROPERTIES LLC | RESIDENTIAL | $146,500 | 139 ft |
| 3251 FREMONT AVE N MINNEAPOLIS MN 55412 | REM JAMES ZIMMERMAN | RESIDENTIAL | $140,000 | 141 ft |
| 1311 33RD AVE N MINNEAPOLIS MN 55412 | BLAIR JORDON MOSES | RESIDENTIAL | $155,000 | 141 ft |
| 3234 GIRARD AVE N MINNEAPOLIS MN 55412 | CITY/LAKES COMMUNITY LAND TR | — | $191,000 | 145 ft |
| 3242 GIRARD AVE N MINNEAPOLIS MN 55412 | CITY OF MINNEAPOLIS | RESIDENTIAL | $0 | 147 ft |
Most Recent Sale
Current Tax Year