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.
8 permits on record since 2018 · $34K total declared value · Most recent: Jun 2023 (res)
MN Plumbing & Home Services INC
Roxanne Crushshon
Urban Pine Plumbing and Mechanical Inc
THE HOME DEPOT
CENTERPOINT ENERGY
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 2,532 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2537 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | MICHAEL J CHURILLA | RESIDENTIAL-TWO UNIT | $334,000 | 42 ft |
| 2535 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | CHELSEA M KARKULA | RESIDENTIAL-TWO UNIT | $353,800 | 83 ft |
| 2555 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | SHRI GAAYATRI MANDIR | COMMERCIAL-PREFERRED | $0 | 90 ft |
| 2531 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | JOANNA WEINAND | RESIDENTIAL-TWO UNIT | $374,500 | 125 ft |
| 2510 MAIN ST N E MINNEAPOLIS MN 55418 | BURLINGTON NORTHERN INC | RAILROAD | $0 | 153 ft |
| 2527 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | A STUHL & R SHIRLEY | RESIDENTIAL | $329,600 | 166 ft |
| 2540 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | BEVERLY JANE ROBACK | RESIDENTIAL-TWO UNIT | $349,200 | 180 ft |
| 2524 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 184 ft |
| 2538 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | C PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $440,700 | 184 ft |
| 2534 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | SAADAT ALI | RESIDENTIAL-TWO UNIT | $284,700 | 198 ft |
Most Recent Sale
Current Tax Year