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.
5 permits on record since 2017 · $199K total declared value · Most recent: Mar 2026 (existres)
Hoffman Refrigeration and Heating Ltd
AAirgate Heating and AC Inc
LACY MECHANICAL LLC
LIBERTY PLUMBING CO LLC
D AND J STEELE CONSTRUCTION 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 small multifamily (2–4 units, wood frame) benchmarks for 2,553 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1422 PENN AVE N MINNEAPOLIS MN 55411 | R & M MUELLER | RESIDENTIAL | $149,000 | 41 ft |
| 1430 PENN AVE N MINNEAPOLIS MN 55411 | PRG INC | RESIDENTIAL | $149,500 | 42 ft |
| 1418 PENN AVE N MINNEAPOLIS MN 55411 | MILIKIA WARFIELD | RESIDENTIAL | $198,300 | 82 ft |
| 1414 PENN AVE N MINNEAPOLIS MN 55411 | M EYTCHESON & E SOHLBERG | RESIDENTIAL | $230,300 | 121 ft |
| 1427 OLIVER AVE N MINNEAPOLIS MN 55411 | PAUL JOSEPH WILKE ET AL | RESIDENTIAL-TWO UNIT | $301,100 | 138 ft |
| 1423 OLIVER AVE N MINNEAPOLIS MN 55411 | PAUL JOSEPH WILKE ET AL | VACANT LAND-RESIDENTIAL | $16,000 | 142 ft |
| 1431 OLIVER AVE N MINNEAPOLIS MN 55411 | RAMS PROPERTIES INC | RESIDENTIAL | $178,100 | 144 ft |
| 1500 PENN AVE N MINNEAPOLIS MN 55411 | ELAINE MARIE JOHNSON | RESIDENTIAL | $211,600 | 150 ft |
| 1419 OLIVER AVE N MINNEAPOLIS MN 55411 | R CHANEY & B P CHANEY | RESIDENTIAL | $113,000 | 158 ft |
| 1404 PENN AVE N MINNEAPOLIS MN 55411 | CATINA M WALKER | RESIDENTIAL | $294,000 | 171 ft |
Most Recent Sale
Current Tax Year