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 2021 · $10K total declared value · Most recent: Oct 2022 (misc)
Karl Brummer
Home Energy Center Inc
PB Services LLC
MAY LEE KONG
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 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 3,114 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3226 COLFAX AVE N MINNEAPOLIS MN 55412 | L RILEY/J GRIFFIN/M GRIFFIN | RESIDENTIAL | $209,900 | 43 ft |
| 3234 COLFAX AVE N MINNEAPOLIS MN 55412 | VANESSA ESAW | RESIDENTIAL-TWO UNIT | $263,300 | 43 ft |
| 3222 COLFAX AVE N MINNEAPOLIS MN 55412 | LEON MC CRAY | RESIDENTIAL | $223,000 | 83 ft |
| 3238 COLFAX AVE N MINNEAPOLIS MN 55412 | ROLLAND S RAY | RESIDENTIAL | $179,300 | 89 ft |
| 3218 COLFAX AVE N MINNEAPOLIS MN 55412 | H L ALLISON & D ALLISON | RESIDENTIAL | $246,400 | 126 ft |
| 3231 BRYANT AVE N MINNEAPOLIS MN 55412 | JOE W WILLIAMS | RESIDENTIAL | $131,700 | 138 ft |
| 3242 COLFAX AVE N MINNEAPOLIS MN 55412 | LATOYA NEAL | RESIDENTIAL | $239,300 | 138 ft |
| 3227 BRYANT AVE N MINNEAPOLIS MN 55412 | MARTHA L SIMBANA BENENAULA | RESIDENTIAL | $182,000 | 145 ft |
| 3235 BRYANT AVE N MINNEAPOLIS MN 55412 | SANDRA L PRESLEY | RESIDENTIAL | $244,800 | 146 ft |
| 3223 BRYANT AVE N MINNEAPOLIS MN 55412 | HALEY MYERS/SCOTT C BURKE JR | RESIDENTIAL | $145,700 | 162 ft |
Most Recent Sale
Current Tax Year