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.
7 permits on record since 2022 · $29K total declared value · Most recent: Jun 2025 (res)
Erik Nelson Plumbing LLC
Michael McIntire
Michael McIntire
Michael McIntire
Michael McIntire
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
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 3,945 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 | 55 ft |
| 2842 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | RYAN JACOBI & LINDSEY OLSON | RESIDENTIAL | $307,600 | 60 ft |
| 2838 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | J C OLSEN/A YOUSSEF EL-HANI | RESIDENTIAL | $237,300 | 110 ft |
| 2860 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | JANICE M DANZL TRUSTEE | RESIDENTIAL | $303,300 | 113 ft |
| 2851 GRAND ST N E MINNEAPOLIS MN 55418 | MIRANDA RICHARD OSTHOFF | RESIDENTIAL | $291,700 | 133 ft |
| 2847 GRAND ST N E MINNEAPOLIS MN 55418 | J P LEPLAVY & M E LEPLAVY | RESIDENTIAL | $319,700 | 136 ft |
| 2855 GRAND ST N E MINNEAPOLIS MN 55418 | JUSTIN HAGSTROM | RESIDENTIAL | $261,000 | 142 ft |
| 2843 GRAND ST N E MINNEAPOLIS MN 55418 | M A CABLE & L E KASTEL | RESIDENTIAL | $302,400 | 150 ft |
| 2859 GRAND ST N E MINNEAPOLIS MN 55418 | ANDERS CHRISTIAN RYDEN | RESIDENTIAL | $305,200 | 168 ft |
| 2834 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | BRITTANY P ANDERSON | RESIDENTIAL | $314,000 | 170 ft |
Most Recent Sale
Current Tax Year