Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the Minneapolis North Green Zone (incl NE) — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green Zones ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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 ↗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.
3 permits on record since 2019 · Most recent: May 2026 (existres)
All Climate Mechanical LLC
Erickson Plumbing Heating Cooling Inc
Metro Heating & Cooling LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
McKinley · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1009
Zip code 55412
Source: Redfin Data Center (Invalid Date) · Zip 55412
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 4,286 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3223 4TH ST N MINNEAPOLIS MN 55412 | LARRY ALGIERS | RESIDENTIAL | $160,000 | 43 ft |
| 3213 4TH ST N MINNEAPOLIS MN 55412 | GM HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $227,700 | 46 ft |
| 3225 4TH ST N MINNEAPOLIS MN 55412 | DEBRA FLANDERS | RESIDENTIAL-TWO UNIT | $230,200 | 84 ft |
| 3211 4TH ST N MINNEAPOLIS MN 55412 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 92 ft |
| 3229 4TH ST N MINNEAPOLIS MN 55412 | S A HASSAN/Z A MOHAMUD | RESIDENTIAL-ZERO LOT LINE | $306,800 | 115 ft |
| 3207 4TH ST N MINNEAPOLIS MN 55412 | BENJAMIN R SHAW | RESIDENTIAL-TWO UNIT | $373,900 | 138 ft |
| 3231 4TH ST N MINNEAPOLIS MN 55412 | DUNIYO ALI | RESIDENTIAL-ZERO LOT LINE | $306,800 | 138 ft |
| 3235 4TH ST N MINNEAPOLIS MN 55412 | KATHRYN MICHELLE HILL | RESIDENTIAL-TWO UNIT | $403,000 | 173 ft |
| 3218 6TH ST N MINNEAPOLIS MN 55412 | D S AUCAPINA & R E CUENCA | RESIDENTIAL | $218,000 | 173 ft |
| 3214 6TH ST N MINNEAPOLIS MN 55412 | ANISSA N KEYES | RESIDENTIAL | $221,000 | 179 ft |
Most Recent Sale
Current Tax Year