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.
4 permits on record since 2020 · $18K total declared value · Most recent: Dec 2025 (existres)
Karpe Mechanical LLC
A&E Heating & Air Conditioning LLC
STANDARD WATER CONTROL SYSTEMS INC
Safe Basements of MN
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
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 3,113 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1815 NEWTON AVE N MINNEAPOLIS MN 55411 | SHANNON MCCRADY | RESIDENTIAL | $233,600 | 47 ft |
| 1825 NEWTON AVE N MINNEAPOLIS MN 55411 | MICHAEL JAMES CZUMAK | RESIDENTIAL | $319,100 | 47 ft |
| 1811 NEWTON AVE N MINNEAPOLIS MN 55411 | BIANCA ROSELAND | RESIDENTIAL | $170,000 | 93 ft |
| 1829 NEWTON AVE N MINNEAPOLIS MN 55411 | MARIA A C CHIMBORAZO ET AL | VACANT LAND-RESIDENTIAL | $2,000 | 115 ft |
| 1807 NEWTON AVE N MINNEAPOLIS MN 55411 | SEAN DEMRY | RESIDENTIAL | $266,000 | 140 ft |
| 1822 OLIVER AVE N MINNEAPOLIS MN 55411 | CAIRNLOCK REVOCABLE TRUST | RESIDENTIAL | $128,000 | 141 ft |
| 1818 OLIVER AVE N MINNEAPOLIS MN 55411 | ASHA L OUMA | RESIDENTIAL | $128,000 | 143 ft |
| 2005 GOLDEN VALLEY RD MINNEAPOLIS MN 55411 | MARIA A C CHIMBORAZO ET AL | RESIDENTIAL | $284,000 | 149 ft |
| 1826 OLIVER AVE N MINNEAPOLIS MN 55411 | TAKESHA L KEYS | RESIDENTIAL | $199,000 | 149 ft |
| 2011 GOLDEN VALLEY RD MINNEAPOLIS MN 55411 | HARRY F & KAREN K MONIBA | RESIDENTIAL | $365,000 | 157 ft |
Most Recent Sale
Current Tax Year