Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2021 · Most recent: Apr 2025 (res)
FFM LLC
Centraire Heating & Air Conditioning LLC
Centraire Heating & Air Conditioning 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 3,611 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3227 3RD ST N MINNEAPOLIS MN 55412 | HOANG THUY & MANUEL M CAZHO | RESIDENTIAL | $169,600 | 40 ft |
| 3219 3RD ST N MINNEAPOLIS MN 55412 | EVEREST HOLDINGS LLC | LOW INCOME RENTAL | $230,700 | 43 ft |
| 3215 3RD ST N MINNEAPOLIS MN 55412 | C T CHENG & M XIONG | RESIDENTIAL | $104,000 | 89 ft |
| 3211 3RD ST N MINNEAPOLIS MN 55412 | SCOTT DELAGE & KIRK MONSON | RESIDENTIAL | $154,000 | 135 ft |
| 3222 4TH ST N MINNEAPOLIS MN 55412 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 173 ft |
| 3218 4TH ST N MINNEAPOLIS MN 55412 | DANMARK PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $242,000 | 178 ft |
| 3214 4TH ST N MINNEAPOLIS MN 55412 | MICHELLE GRIFFIN | RESIDENTIAL | $242,500 | 194 ft |
| 308 LOWRY AVE N MINNEAPOLIS MN 55411 | MN REAL ESTATE GROUP LLC | LAND-COMMERCIAL | $52,000 | 206 ft |
| 3201 3RD ST N MINNEAPOLIS MN 55412 | MN REAL ESTATE GROUP LLC | COMMERCIAL-PREFERRED | $543,000 | 207 ft |
| 318 LOWRY AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 215 ft |
Most Recent Sale
Current Tax Year