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.
1 permit on record since 2023 · Most recent: Jan 2023 (res)
CenterPoint Energy Resource Corp
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 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 2,416 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2635 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | NHH PROPERTIES I LLC | RESIDENTIAL-TWO UNIT | $322,200 | 40 ft |
| 2643 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | CESAR HUMBERTO ROMERO | RESIDENTIAL-TWO UNIT | $358,200 | 40 ft |
| 2631 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | MICHAEL J PRANGHOFER ET AL | RESIDENTIAL-TWO UNIT | $360,100 | 81 ft |
| 2647 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | ANTHONY FREEMAN/KEITH A LEE | RESIDENTIAL-TWO UNIT | $306,300 | 81 ft |
| 2651 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | E M & J M OTOOLE | RESIDENTIAL | $249,300 | 121 ft |
| 2627 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | LESZEK K JARDEL | RESIDENTIAL | $310,200 | 121 ft |
| 2600 MAIN ST N E MINNEAPOLIS MN 55418 | BURLINGTON NORTHERN INC | RAILROAD | $0 | 154 ft |
| 2655 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | W A FOLK & A S PENNINGTON | RESIDENTIAL-TWO UNIT | $406,100 | 161 ft |
| 2623 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | O S SAMATAR & N M MOHAMUD | RESIDENTIAL | $470,100 | 162 ft |
| 2638 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | ZCW PROPERTIES LLC | RESIDENTIAL | $354,200 | 180 ft |
Current Tax Year