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 2017 · Most recent: Jan 2023 (res)
CenterPoint Energy Resource Corp
Appliance Connections INC
CENTERPOINT ENERGY
MINNESOTA PLUMBING AND HEATING INC
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 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 3,115 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3222 COLFAX AVE N MINNEAPOLIS MN 55412 | LEON MC CRAY | RESIDENTIAL | $223,000 | 43 ft |
| 3214 COLFAX AVE N MINNEAPOLIS MN 55412 | ROGER W NYQUIST | RESIDENTIAL | $252,900 | 46 ft |
| 3226 COLFAX AVE N MINNEAPOLIS MN 55412 | L RILEY/J GRIFFIN/M GRIFFIN | RESIDENTIAL | $209,900 | 83 ft |
| 3210 COLFAX AVE N MINNEAPOLIS MN 55412 | CHRISTOPHER A NEWTON | RESIDENTIAL | $236,800 | 92 ft |
| 3230 COLFAX AVE N MINNEAPOLIS MN 55412 | DIANE MARIE LONG | RESIDENTIAL | $289,000 | 126 ft |
| 3219 BRYANT AVE N MINNEAPOLIS MN 55412 | J L EFFIOM & E I EFFIOM | RESIDENTIAL | $200,400 | 138 ft |
| 3206 COLFAX AVE N MINNEAPOLIS MN 55412 | ATLAS REAL ESTATE DEVEL INC | RESIDENTIAL | $25,000 | 138 ft |
| 3223 BRYANT AVE N MINNEAPOLIS MN 55412 | HALEY MYERS/SCOTT C BURKE JR | RESIDENTIAL | $145,700 | 144 ft |
| 3215 BRYANT AVE N MINNEAPOLIS MN 55412 | RAYMOND KRAVIK | RESIDENTIAL | $217,400 | 146 ft |
| 3227 BRYANT AVE N MINNEAPOLIS MN 55412 | MARTHA L SIMBANA BENENAULA | RESIDENTIAL | $182,000 | 161 ft |
Most Recent Sale
Current Tax Year