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: Apr 2023 (res)
Urban Pine Plumbing and Mechanical Inc
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 4,636 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2606 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | R PETERSON & J PETERSON | RESIDENTIAL | $339,300 | 64 ft |
| 2556 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | R L ZIESKE & C A ZIESKE | RESIDENTIAL | $300,000 | 64 ft |
| 2612 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | TERESA L KRAUSE | RESIDENTIAL-ZERO LOT LINE | $218,400 | 112 ft |
| 2601 GRAND ST N E MINNEAPOLIS MN 55418 | SUHAIR KHALIL | RESIDENTIAL-TWO UNIT | $438,300 | 126 ft |
| 2552 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | ADAM O'ROURKE ET AL | RESIDENTIAL | $298,300 | 128 ft |
| 2607 GRAND ST N E MINNEAPOLIS MN 55418 | RANDY C HARRIS | RESIDENTIAL | $325,000 | 135 ft |
| 2555 GRAND ST N E MINNEAPOLIS MN 55418 | RAMPIARI NARAINE | RESIDENTIAL | $266,000 | 144 ft |
| 2614 CALIFORNIA ST N E MINNEAPOLIS MN 55418 | DAVID RESLER | RESIDENTIAL-ZERO LOT LINE | $213,200 | 144 ft |
| 2613 GRAND ST N E MINNEAPOLIS MN 55418 | PENELOPE A MICHALIK | RESIDENTIAL | $280,700 | 167 ft |
| 2551 GRAND ST N E MINNEAPOLIS MN 55418 | STRICKLERS RESRCH & ENG INC | RESIDENTIAL | $290,000 | 181 ft |
Most Recent Sale
Current Tax Year