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.
3 permits on record since 2019 · $15K total declared value · Most recent: Sep 2025 (addition)
Hage Construction Co
SELA ROOFING AND REMODELING INC
Urban Pine Plumbing and Mechanical 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 3,377 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1718 PENN AVE N MINNEAPOLIS MN 55411 | EVIAN A RAVE | RESIDENTIAL | $226,100 | 49 ft |
| 1730 PENN AVE N MINNEAPOLIS MN 55411 | C E CALDWELL & A F CALDWELL | RESIDENTIAL | $351,000 | 61 ft |
| 1712 PENN AVE N MINNEAPOLIS MN 55411 | JARED SIMPSON | RESIDENTIAL | $385,800 | 113 ft |
| 1736 PENN AVE N MINNEAPOLIS MN 55411 | ISRAR KHAN & NASRIEEN HABIB | RESIDENTIAL | $280,400 | 132 ft |
| 1725 OLIVER AVE N MINNEAPOLIS MN 55411 | CHIA LA XIONG | RESIDENTIAL | $362,400 | 139 ft |
| 1719 OLIVER AVE N MINNEAPOLIS MN 55411 | CHRISTINE STARK/APRIL POSNER | RESIDENTIAL | $210,000 | 147 ft |
| 1731 OLIVER AVE N MINNEAPOLIS MN 55411 | JUSTIN GREIMAN/RUTH GREIMAN | RESIDENTIAL | $411,600 | 160 ft |
| 1715 OLIVER AVE N MINNEAPOLIS MN 55411 | KARMALITA K WORDLOW | RESIDENTIAL | $321,000 | 167 ft |
| 1800 PENN AVE N MINNEAPOLIS MN 55411 | W L BRIDEWELL/I I BRIDEWELL | RESIDENTIAL | $0 | 189 ft |
| 1703 PENN AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 191 ft |
Current Tax Year