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 ↗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 ↗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 2022 · Most recent: Jul 2022 (existres)
MESPO HEATING AND COOLING INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Jordan · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1021
Zip code 55411
Source: Redfin Data Center (Invalid Date) · Zip 55411
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 1,491 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2508 HUMBOLDT AVE N MINNEAPOLIS MN 55411 | BLUU | VACANT LAND-RESIDENTIAL | $13,000 | 40 ft |
| 2516 HUMBOLDT AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 52 ft |
| 2504 HUMBOLDT AVE N MINNEAPOLIS MN 55411 | PEDRO MAYREN BANOS | RESIDENTIAL-TWO UNIT | $189,100 | 80 ft |
| 2515 GIRARD AVE N MINNEAPOLIS MN 55411 | AUSTIN HUNT | RESIDENTIAL | $101,700 | 91 ft |
| 1400 25TH AVE N MINNEAPOLIS MN 55411 | MICHAEL WEIHN & CHRIS BOUVIA | RESIDENTIAL | $301,000 | 104 ft |
| 2509 GIRARD AVE N MINNEAPOLIS MN 55411 | HERUY A DAMER | RESIDENTIAL | $349,000 | 107 ft |
| 2519 GIRARD AVE N MINNEAPOLIS MN 55411 | PAUL A & PATRICIA K YBARRA | RESIDENTIAL | $107,000 | 115 ft |
| 2520 HUMBOLDT AVE N MINNEAPOLIS MN 55411 | JERRY PARKER | RESIDENTIAL | $173,000 | 116 ft |
| 2500 HUMBOLDT AVE N MINNEAPOLIS MN 55411 | STEVEN F MELDAHL | RESIDENTIAL | $147,000 | 126 ft |
| 2521 GIRARD AVE N MINNEAPOLIS MN 55411 | PPL GREENLEAF LLC | LOW INCOME RENTAL | $320,000 | 152 ft |
Most Recent Sale
Current Tax Year