Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗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.
7 permits on record since 2017 · $64K total declared value · Most recent: Sep 2018 (res)
Center Point Plumbing LLC
ALEXANDER EXTERIORS
ALEXANDER EXTERIORS
LAKEWOODS REMODELING INC
Evan S Giffin
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
Residential Mixed-Use 1 — low-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3-story wood frame (5–12 units) benchmarks for 3,413 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2606 UNIVERSITY AVE N E MINNEAPOLIS MN 55418 | ROLAND J GERKEN JR | RESIDENTIAL-TWO UNIT | $273,000 | 44 ft |
| 2610 UNIVERSITY AVE N E MINNEAPOLIS MN 55418 | SHELLEY M TANG TRUST | RESIDENTIAL | $196,000 | 88 ft |
| 2550 UNIVERSITY AVE N E MINNEAPOLIS MN 55418 | A ZHURAVEL & A ZHURAVEL | TRIPLEX | $322,600 | 105 ft |
| 2614 UNIVERSITY AVE N E MINNEAPOLIS MN 55418 | NICHOLAS BOLECHOWSKI | TRIPLEX | $478,100 | 132 ft |
| 2546 UNIVERSITY AVE N E MINNEAPOLIS MN 55418 | SAF LLC | VACANT LAND-RESIDENTIAL | $49,000 | 151 ft |
| 2601 3RD ST N E MINNEAPOLIS MN 55418 | J LAMBERT & I LARSON | RESIDENTIAL | $257,700 | 171 ft |
| 2618 UNIVERSITY AVE N E MINNEAPOLIS MN 55418 | SOPHIA C BURKE | RESIDENTIAL-TWO UNIT | $291,100 | 176 ft |
| 2607 3RD ST N E MINNEAPOLIS MN 55418 | D HINRICHS/D PRICE-HINRICHS | RESIDENTIAL | $369,300 | 177 ft |
| 2611 3RD ST N E MINNEAPOLIS MN 55418 | J E & C A SROKA JT REV TR | RESIDENTIAL | $295,700 | 193 ft |
| 2542 UNIVERSITY AVE N E MINNEAPOLIS MN 55418 | SAMUEL PHILPOT | RESIDENTIAL-TWO UNIT | $327,400 | 197 ft |
Most Recent Sale
Current Tax Year