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 2020 · $10K total declared value · Most recent: Apr 2026 (res)
Hurlburt Heating & Plumbing
Farr Plumbing and Heating LLC
A SQUARED DESIGN LLC
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 3 — medium-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 2,430 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2618 GRAND ST N E MINNEAPOLIS MN 55418 | TYLER W PEDERSON | RESIDENTIAL | $244,000 | 40 ft |
| 2610 GRAND ST N E MINNEAPOLIS MN 55418 | U F BEYENDORFF & T S KENNEDY | RESIDENTIAL | $283,300 | 40 ft |
| 2622 GRAND ST N E MINNEAPOLIS MN 55418 | JOHN KNUTSON | RESIDENTIAL | $279,200 | 81 ft |
| 2606 GRAND ST N E MINNEAPOLIS MN 55418 | DEBORAH & GARY L SOLAND | RESIDENTIAL | $326,800 | 81 ft |
| 2626 GRAND ST N E MINNEAPOLIS MN 55418 | HALEY SPEIRS & DUY VU | RESIDENTIAL | $316,000 | 121 ft |
| 2600 GRAND ST N E MINNEAPOLIS MN 55418 | KIMBERLY A HERNANDEZ | RESIDENTIAL | $323,000 | 121 ft |
| 2615 RANDOLPH ST N E MINNEAPOLIS MN 55418 | EDGEWATER INVESTMENTS LLC | RESIDENTIAL | $250,000 | 131 ft |
| 2611 RANDOLPH ST N E MINNEAPOLIS MN 55418 | RYAN DANIEL JOHNSON | RESIDENTIAL | $305,400 | 137 ft |
| 2619 RANDOLPH ST N E MINNEAPOLIS MN 55418 | GWEN M MEYER | RESIDENTIAL | $189,500 | 138 ft |
| 2605 RANDOLPH ST N E MINNEAPOLIS MN 55418 | HAROLD E JONES/BONNI E JONES | RESIDENTIAL | $248,500 | 154 ft |
Most Recent Sale
Current Tax Year