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.
1 permit on record since 2004 · $287K total declared value · Most recent: Mar 2004 (binb)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 1 — low-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 sfr / adu benchmarks for 3,123 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3247 ALDRICH AVE N MINNEAPOLIS MN 55412 | MATHEW XIONG | RESIDENTIAL-TWO UNIT | $237,900 | 46 ft |
| 3239 ALDRICH AVE N MINNEAPOLIS MN 55412 | OPPORTUNITY ZONE FUND INC | RESIDENTIAL | $304,000 | 46 ft |
| 3251 ALDRICH AVE N MINNEAPOLIS MN 55412 | CHA YANG | RESIDENTIAL | $218,100 | 92 ft |
| 3235 ALDRICH AVE N MINNEAPOLIS MN 55412 | M BEAUCHAINE & J BEAUCHAINE | RESIDENTIAL-TWO UNIT | $242,300 | 92 ft |
| 3231 ALDRICH AVE N MINNEAPOLIS MN 55412 | CYNTHIA SUZANNE MILLER | RESIDENTIAL | $228,400 | 138 ft |
| 3242 BRYANT AVE N MINNEAPOLIS MN 55412 | NEXUS DIRECT IRA LLC | RESIDENTIAL | $186,900 | 138 ft |
| 3238 BRYANT AVE N MINNEAPOLIS MN 55412 | MAHMOOD KHAN | RESIDENTIAL | $63,500 | 146 ft |
| 3246 BRYANT AVE N MINNEAPOLIS MN 55412 | CODY FOSTER & SHELLY FOSTER | RESIDENTIAL | $181,700 | 146 ft |
| 3234 BRYANT AVE N MINNEAPOLIS MN 55412 | G MCPHERSON AND C MCPHERSON | RESIDENTIAL | $120,900 | 166 ft |
| 3250 BRYANT AVE N MINNEAPOLIS MN 55412 | FRANK KATZOVITZ TRUSTEE | RESIDENTIAL | $188,400 | 167 ft |
Most Recent Sale
Current Tax Year