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.
4 permits on record since 2023 · Most recent: Jun 2024 (existres)
Hero Home Services LLC
Airic's Heating & Air Conditioning Inc
CenterPoint Energy Resource Corp
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 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 2,432 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2650 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | CASEY M NEUMAN | RESIDENTIAL | $289,700 | 40 ft |
| 2658 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | PRO OPERAM SUB XV LLC | RESIDENTIAL | $196,000 | 41 ft |
| 2646 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | ERIN T GENG | RESIDENTIAL | $286,800 | 91 ft |
| 2657 GRAND ST N E MINNEAPOLIS MN 55418 | MARY JOANNE DONAHUE | RESIDENTIAL | $376,000 | 133 ft |
| 2651 GRAND ST N E MINNEAPOLIS MN 55418 | DANIEL C RAINES | RESIDENTIAL | $285,400 | 138 ft |
| 2700 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | C BEIS & S TACKABERRY | RESIDENTIAL | $306,900 | 142 ft |
| 2638 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | ZCW PROPERTIES LLC | RESIDENTIAL | $354,200 | 151 ft |
| 2647 GRAND ST N E MINNEAPOLIS MN 55418 | CLARISSA HALL & MAX PATTSNER | RESIDENTIAL | $227,100 | 154 ft |
| 2643 GRAND ST N E MINNEAPOLIS MN 55418 | JILL CHARBONNEAU | RESIDENTIAL | $223,100 | 179 ft |
| 2655 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | W A FOLK & A S PENNINGTON | RESIDENTIAL-TWO UNIT | $406,100 | 179 ft |
Most Recent Sale
Current Tax Year