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 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 · Most recent: Jul 2025 (res)
Metro Heating & Cooling LLC
Metro Heating & Cooling LLC
CenterPoint Energy Resource Corp
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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,086 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3234 EMERSON AVE N MINNEAPOLIS MN 55412 | KIRCHOFF GROUP LLC | RESIDENTIAL | $185,800 | 45 ft |
| 3242 EMERSON AVE N MINNEAPOLIS MN 55412 | BO N YANG | RESIDENTIAL | $174,900 | 46 ft |
| 3230 EMERSON AVE N MINNEAPOLIS MN 55412 | I COVARRUBIAS/C COBARRUBIAS | RESIDENTIAL | $188,400 | 90 ft |
| 1121 33RD AVE N MINNEAPOLIS MN 55412 | GRANT WOLLSCHLAGER | RESIDENTIAL | $167,200 | 120 ft |
| 1115 33RD AVE N MINNEAPOLIS MN 55412 | EVEREST HOLDINGS LLC | LOW INCOME RENTAL | $179,600 | 123 ft |
| 3226 EMERSON AVE N MINNEAPOLIS MN 55412 | OSCAR CECENA | RESIDENTIAL | $173,600 | 135 ft |
| 3239 DUPONT AVE N MINNEAPOLIS MN 55412 | TESORO HOMES INC | RESIDENTIAL | $232,100 | 140 ft |
| 3235 DUPONT AVE N MINNEAPOLIS MN 55412 | SEAN GARRETT | RESIDENTIAL | $170,000 | 147 ft |
| 3243 DUPONT AVE N MINNEAPOLIS MN 55412 | EDWARD EGGERS | RESIDENTIAL | $117,000 | 152 ft |
| 1109 33RD AVE N MINNEAPOLIS MN 55412 | ESTHER AGHADIUNO | RESIDENTIAL | $375,000 | 152 ft |
Most Recent Sale
Current Tax Year