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 2017 · Most recent: Aug 2017 (res)
CENTERPOINT ENERGY
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 4,150 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1625 OLIVER AVE N MINNEAPOLIS MN 55411 | FRANCISCO X V CARPIO ET AL | RESIDENTIAL-TWO UNIT | $281,000 | 63 ft |
| 1619 OLIVER AVE N MINNEAPOLIS MN 55411 | NICHOLAS CAPITAL INC | RESIDENTIAL | $291,600 | 116 ft |
| 1626 PENN AVE N MINNEAPOLIS MN 55411 | MAI KOU YANG | RESIDENTIAL-TWO UNIT | $264,800 | 139 ft |
| 1705 OLIVER AVE N MINNEAPOLIS MN 55411 | WILLIE GRIFFIN | RESIDENTIAL | $194,000 | 139 ft |
| 1620 PENN AVE N MINNEAPOLIS MN 55411 | J GUTHRUE & A C GUTHRIE | RESIDENTIAL | $443,000 | 153 ft |
| 1615 OLIVER AVE N MINNEAPOLIS MN 55411 | VJ PROPERTY LLC | RESIDENTIAL-TWO UNIT | $305,500 | 158 ft |
| 1626 OLIVER AVE N MINNEAPOLIS MN 55411 | DAVID ALBINO/AUGUST SCHLEIS | RESIDENTIAL | $296,200 | 184 ft |
| 1614 PENN AVE N MINNEAPOLIS MN 55411 | K A DOTSON & L M DOTSON | RESIDENTIAL | $199,000 | 195 ft |
| 1700 PENN AVE N MINNEAPOLIS MN 55411 | SHAUN D EVANS | RESIDENTIAL | $333,200 | 196 ft |
| 1622 OLIVER AVE N MINNEAPOLIS MN 55411 | MARC SANYAL & SOUMYA SANYAL | RESIDENTIAL | $137,000 | 198 ft |
Current Tax Year