Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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.
3 permits on record since 2019 · $24K total declared value · Most recent: Jan 2023 (res)
CenterPoint Energy Resource Corp
PATRICK MILLER CONSTRUCTION
PATRICK MILLER CONSTRUCTION
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 |
|---|---|---|---|---|
| 2838 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | J C OLSEN/A YOUSSEF EL-HANI | RESIDENTIAL | $237,300 | 50 ft |
| 2850 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | MICHAEL MCINTIRE | RESIDENTIAL | $289,600 | 60 ft |
| 2834 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | BRITTANY P ANDERSON | RESIDENTIAL | $314,000 | 110 ft |
| 2854 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | A D THOMSON & N THOMSON | RESIDENTIAL | $296,000 | 115 ft |
| 2843 GRAND ST N E MINNEAPOLIS MN 55418 | M A CABLE & L E KASTEL | RESIDENTIAL | $302,400 | 133 ft |
| 2847 GRAND ST N E MINNEAPOLIS MN 55418 | J P LEPLAVY & M E LEPLAVY | RESIDENTIAL | $319,700 | 136 ft |
| 2839 GRAND ST N E MINNEAPOLIS MN 55418 | ADAM MARSHALL TERWEY | RESIDENTIAL-TWO UNIT | $363,200 | 142 ft |
| 2851 GRAND ST N E MINNEAPOLIS MN 55418 | MIRANDA RICHARD OSTHOFF | RESIDENTIAL | $291,700 | 150 ft |
| 2835 GRAND ST N E MINNEAPOLIS MN 55418 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 160 ft |
| 2855 GRAND ST N E MINNEAPOLIS MN 55418 | JUSTIN HAGSTROM | RESIDENTIAL | $261,000 | 172 ft |
Most Recent Sale
Current Tax Year