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 ↗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 ↗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.
1 permit on record since 2019 · Most recent: Jan 2019 (res)
Linn Star Transfer Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Willard - Hay · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1028
Zip code 55411
Source: Redfin Data Center (Invalid Date) · Zip 55411
Residential Mixed-Use 1 — low-density mixed 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 3-story wood frame (5–12 units) benchmarks for 4,903 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2006 PENN AVE N MINNEAPOLIS MN 55411 | ROBINSON PROPERTY SOLS LLC | RESIDENTIAL | $203,300 | 57 ft |
| 2018 PENN AVE N MINNEAPOLIS MN 55411 | VAN QUILLA SMITH JR | RESIDENTIAL | $259,000 | 68 ft |
| 2002 PENN AVE N MINNEAPOLIS MN 55411 | RENEE OLIVER | RESIDENTIAL | $180,700 | 103 ft |
| 2020 PENN AVE N MINNEAPOLIS MN 55411 | RICHARD FOSSEN | VACANT LAND-RESIDENTIAL | $14,000 | 125 ft |
| 1939 OLIVER AVE N MINNEAPOLIS MN 55411 | NJERI ENTERPRISES LLC | RESIDENTIAL | $148,000 | 139 ft |
| 1943 OLIVER AVE N MINNEAPOLIS MN 55411 | HAZAELEE SELLERS | VACANT LAND-RESIDENTIAL | $17,000 | 142 ft |
| 1926 PENN AVE N MINNEAPOLIS MN 55411 | YVONNE B MOORE | RESIDENTIAL | $126,100 | 148 ft |
| 1935 OLIVER AVE N MINNEAPOLIS MN 55411 | VICENTE MARTINEZ | RESIDENTIAL | $151,000 | 150 ft |
| 1947 OLIVER AVE N MINNEAPOLIS MN 55411 | PEDRO A OCHOA, MARIA MAQUIN | RESIDENTIAL | $199,000 | 159 ft |
| 1931 OLIVER AVE N MINNEAPOLIS MN 55411 | JOSEPH SHELLEY JR | RESIDENTIAL | $196,200 | 172 ft |
Most Recent Sale
Current Tax Year