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.
4 permits on record since 2018 · $10K total declared value · Most recent: May 2026 (misc)
FOURTH PROPERTIES LLC
Metro Heating & Cooling LLC
Metro Heating & Cooling LLC
CenterPoint Energy Resource Corp
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 3,062 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3234 GIRARD AVE N MINNEAPOLIS MN 55412 | CITY/LAKES COMMUNITY LAND TR | — | $191,000 | 45 ft |
| 3242 GIRARD AVE N MINNEAPOLIS MN 55412 | CITY OF MINNEAPOLIS | RESIDENTIAL | $0 | 45 ft |
| 3230 GIRARD AVE N MINNEAPOLIS MN 55412 | LUIS ERNESTO LAZO MERCHAN | RESIDENTIAL | $180,000 | 90 ft |
| 3246 GIRARD AVE N MINNEAPOLIS MN 55412 | ROBERT M ANDERSON TRUSTEE | RESIDENTIAL | $139,000 | 90 ft |
| 3226 GIRARD AVE N MINNEAPOLIS MN 55412 | CAG MINNESOTA FUND II LLC | RESIDENTIAL | $236,700 | 135 ft |
| 3252 GIRARD AVE N MINNEAPOLIS MN 55412 | MARIA A HERNANDEZ | RESIDENTIAL | $182,000 | 138 ft |
| 3239 FREMONT AVE N MINNEAPOLIS MN 55412 | JESSICA ISABEL QUAST | RESIDENTIAL | $259,000 | 139 ft |
| 3243 FREMONT AVE N MINNEAPOLIS MN 55412 | LARISSA Y NICOLAS GALLARDO | RESIDENTIAL | $245,600 | 145 ft |
| 3235 FREMONT AVE N MINNEAPOLIS MN 55412 | ANGELA N WILSON | RESIDENTIAL | $201,600 | 147 ft |
| 1311 33RD AVE N MINNEAPOLIS MN 55412 | BLAIR JORDON MOSES | RESIDENTIAL | $155,000 | 166 ft |
Most Recent Sale
Current Tax Year