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.
4 permits on record since 2010 · $57K total declared value · Most recent: Jul 2025 (res)
CENTERPOINT ENERGY
CenterPoint Energy Resource Corp
Urban Pine Plumbing and Mechanical Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Marshall Terrace · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1005
Zip code 55418
Source: Redfin Data Center (Invalid Date) · Zip 55418
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 4,151 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2854 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | A D THOMSON & N THOMSON | RESIDENTIAL | $296,000 | 58 ft |
| 2850 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | MICHAEL MCINTIRE | RESIDENTIAL | $289,600 | 113 ft |
| 2900 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | H E JOHNSON & L JOHNSON | RESIDENTIAL | $603,700 | 132 ft |
| 2859 GRAND ST N E MINNEAPOLIS MN 55418 | ANDERS CHRISTIAN RYDEN | RESIDENTIAL | $305,200 | 133 ft |
| 2855 GRAND ST N E MINNEAPOLIS MN 55418 | JUSTIN HAGSTROM | RESIDENTIAL | $261,000 | 148 ft |
| 2851 GRAND ST N E MINNEAPOLIS MN 55418 | MIRANDA RICHARD OSTHOFF | RESIDENTIAL | $291,700 | 169 ft |
| 2842 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | RYAN JACOBI & LINDSEY OLSON | RESIDENTIAL | $307,600 | 173 ft |
| 2904 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | VALUE HOMES LLC | RESIDENTIAL-TWO UNIT | $656,200 | 173 ft |
| 2903 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | BRIAN TRAEGER | RESIDENTIAL | $290,800 | 178 ft |
| 2847 GRAND ST N E MINNEAPOLIS MN 55418 | J P LEPLAVY & M E LEPLAVY | RESIDENTIAL | $319,700 | 196 ft |
Most Recent Sale
Current Tax Year