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.
2 permits on record since 2019 · Most recent: Feb 2020 (res)
CenterPoint Energy Resource Corp
Able Plumbing LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
McKinley · 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 2,606 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3222 COLFAX AVE N MINNEAPOLIS MN 55412 | LEON MC CRAY | RESIDENTIAL | $223,000 | 40 ft |
| 3230 COLFAX AVE N MINNEAPOLIS MN 55412 | DIANE MARIE LONG | RESIDENTIAL | $289,000 | 43 ft |
| 3218 COLFAX AVE N MINNEAPOLIS MN 55412 | H L ALLISON & D ALLISON | RESIDENTIAL | $246,400 | 83 ft |
| 3234 COLFAX AVE N MINNEAPOLIS MN 55412 | VANESSA ESAW | RESIDENTIAL-TWO UNIT | $263,300 | 86 ft |
| 3214 COLFAX AVE N MINNEAPOLIS MN 55412 | ROGER W NYQUIST | RESIDENTIAL | $252,900 | 129 ft |
| 3238 COLFAX AVE N MINNEAPOLIS MN 55412 | ROLLAND S RAY | RESIDENTIAL | $179,300 | 132 ft |
| 3227 BRYANT AVE N MINNEAPOLIS MN 55412 | MARTHA L SIMBANA BENENAULA | RESIDENTIAL | $182,000 | 138 ft |
| 3231 BRYANT AVE N MINNEAPOLIS MN 55412 | JOE W WILLIAMS | RESIDENTIAL | $131,700 | 145 ft |
| 3223 BRYANT AVE N MINNEAPOLIS MN 55412 | HALEY MYERS/SCOTT C BURKE JR | RESIDENTIAL | $145,700 | 145 ft |
| 3219 BRYANT AVE N MINNEAPOLIS MN 55412 | J L EFFIOM & E I EFFIOM | RESIDENTIAL | $200,400 | 162 ft |
Most Recent Sale
Current Tax Year