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 2023 · $10K total declared value · Most recent: Sep 2023 (misc)
LEGACY RESTORATION LLC
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 2,911 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1809 OLIVER AVE N MINNEAPOLIS MN 55411 | E I SAPATANGA ENCALADA ET AL | RESIDENTIAL | $335,300 | 47 ft |
| 1735 OLIVER AVE N MINNEAPOLIS MN 55411 | CHRISTIAN J ARIAS | RESIDENTIAL | $327,600 | 54 ft |
| 1811 OLIVER AVE N MINNEAPOLIS MN 55411 | JESSEN COMO | RESIDENTIAL-TWO UNIT | $283,400 | 100 ft |
| 1731 OLIVER AVE N MINNEAPOLIS MN 55411 | JUSTIN GREIMAN/RUTH GREIMAN | RESIDENTIAL | $411,600 | 117 ft |
| 1800 PENN AVE N MINNEAPOLIS MN 55411 | W L BRIDEWELL/I I BRIDEWELL | RESIDENTIAL | $0 | 139 ft |
| 1806 PENN AVE N MINNEAPOLIS MN 55411 | ANA L PENA | RESIDENTIAL | $212,900 | 144 ft |
| 1817 OLIVER AVE N MINNEAPOLIS MN 55411 | MIDWEST CHALLENGE INC | RESIDENTIAL | $0 | 151 ft |
| 1736 PENN AVE N MINNEAPOLIS MN 55411 | ISRAR KHAN & NASRIEEN HABIB | RESIDENTIAL | $280,400 | 153 ft |
| 1812 PENN AVE N MINNEAPOLIS MN 55411 | TERRY G CHAPMAN | RESIDENTIAL | $261,100 | 166 ft |
| 1800 OLIVER AVE N MINNEAPOLIS MN 55411 | BAO HER | RESIDENTIAL | $370,000 | 184 ft |
Current Tax Year