Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 ↗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.
4 permits on record since 2023 · $25K total declared value · Most recent: Jul 2025 (existres)
Ray N Welter Heating Co
WOODS CONSTRUCTION AND REMODELING
Binz Plumbing 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 2,639 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3223 DUPONT AVE N MINNEAPOLIS MN 55412 | CITY OF LAKES COMM LAND TRST | — | $183,000 | 43 ft |
| 3215 DUPONT AVE N MINNEAPOLIS MN 55412 | OLIVIA FAITH DORNQUAST | RESIDENTIAL | $234,000 | 45 ft |
| 3213 DUPONT AVE N MINNEAPOLIS MN 55412 | PAUL HOFRENNING | RESIDENTIAL-ZERO LOT LINE | $135,100 | 81 ft |
| 3227 DUPONT AVE N MINNEAPOLIS MN 55412 | AUDREY ELAINE TOTH | RESIDENTIAL | $198,800 | 88 ft |
| 3211 DUPONT AVE N MINNEAPOLIS MN 55412 | PAUL HOFRENNING | RESIDENTIAL-ZERO LOT LINE | $135,100 | 103 ft |
| 3231 DUPONT AVE N MINNEAPOLIS MN 55412 | YIA VANG | RESIDENTIAL | $137,200 | 133 ft |
| 3218 EMERSON AVE N MINNEAPOLIS MN 55412 | MIR ALI | RESIDENTIAL-TWO UNIT | $81,000 | 139 ft |
| 3214 EMERSON AVE N MINNEAPOLIS MN 55412 | MELISSA D BOYD | RESIDENTIAL | $197,300 | 146 ft |
| 3222 EMERSON AVE N MINNEAPOLIS MN 55412 | HENRY G CALLE NAULA | RESIDENTIAL | $205,000 | 146 ft |
| 1110 LOWRY AVE N MINNEAPOLIS MN 55411 | NORTHERN PHILATELIC LIB INC | COMMERCIAL-PREFERRED | $176,000 | 158 ft |
Most Recent Sale
Current Tax Year