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.
5 permits on record since 2017 · $18K total declared value · Most recent: Aug 2023 (misc)
RIVERVIEW WINDOW INC
Service Tech Plumbing LLC
Elias Plumbing LLC
WENRICH PROPERTY AND DEV LLC
Bruce Nelson Plumbing and Heating Service 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
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 2,680 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1615 OLIVER AVE N MINNEAPOLIS MN 55411 | VJ PROPERTY LLC | RESIDENTIAL-TWO UNIT | $305,500 | 42 ft |
| 1625 OLIVER AVE N MINNEAPOLIS MN 55411 | FRANCISCO X V CARPIO ET AL | RESIDENTIAL-TWO UNIT | $281,000 | 53 ft |
| 1609 OLIVER AVE N MINNEAPOLIS MN 55411 | B L GUY & J A GUY | RESIDENTIAL | $275,000 | 95 ft |
| 1631 OLIVER AVE N MINNEAPOLIS MN 55411 | ROLAND & LENORE M CARSON | RESIDENTIAL | $353,700 | 116 ft |
| 1614 PENN AVE N MINNEAPOLIS MN 55411 | K A DOTSON & L M DOTSON | RESIDENTIAL | $199,000 | 140 ft |
| 1620 PENN AVE N MINNEAPOLIS MN 55411 | J GUTHRUE & A C GUTHRIE | RESIDENTIAL | $443,000 | 148 ft |
| 1610 PENN AVE N MINNEAPOLIS MN 55411 | JOAQUIN PENA & MARIA G PENA | RESIDENTIAL | $127,000 | 155 ft |
| 1601 OLIVER AVE N MINNEAPOLIS MN 55411 | J L GREEN & C J SPEAR | RESIDENTIAL | $224,300 | 159 ft |
| 1618 OLIVER AVE N MINNEAPOLIS MN 55411 | CLARENCE UNDERWOOD | RESIDENTIAL | $183,000 | 184 ft |
| 1626 PENN AVE N MINNEAPOLIS MN 55411 | MAI KOU YANG | RESIDENTIAL-TWO UNIT | $264,800 | 185 ft |
Most Recent Sale
Current Tax Year