Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2026 · Most recent: May 2026 (res)
CENTERPOINT ENERGY
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Near - North · 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 5,585 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1337 JAMES AVE N MINNEAPOLIS MN 55411 | AHMED M AHMED | VACANT LAND-RESIDENTIAL | $16,000 | 59 ft |
| 1331 JAMES AVE N MINNEAPOLIS MN 55411 | LI DING & LEI K JIANG | RESIDENTIAL-TWO UNIT | $230,200 | 98 ft |
| 1340 KNOX AVE N MINNEAPOLIS MN 55411 | KYAN KM YANG & KAYIN THAO | RESIDENTIAL | $277,000 | 140 ft |
| 1344 KNOX AVE N MINNEAPOLIS MN 55411 | JANETH TORAL VIVEROS | RESIDENTIAL | $164,200 | 140 ft |
| 1329 JAMES AVE N MINNEAPOLIS MN 55411 | EVELYN BEAL | RESIDENTIAL | $328,700 | 148 ft |
| 1336 KNOX AVE N MINNEAPOLIS MN 55411 | RICARDO & MARY SHANNON | RESIDENTIAL | $266,400 | 151 ft |
| 1332 KNOX AVE N MINNEAPOLIS MN 55411 | CITY OF LAKES COMM LAND TRST | — | $299,000 | 170 ft |
| 1340 JAMES AVE N MINNEAPOLIS MN 55411 | LAMIN M & AWA B DIBBA | RESIDENTIAL | $253,000 | 185 ft |
| 1325 JAMES AVE N MINNEAPOLIS MN 55411 | DALLAS WALTON | VACANT LAND-RESIDENTIAL | $2,200 | 187 ft |
| 1328 KNOX AVE N MINNEAPOLIS MN 55411 | B I R MORRIS & A E R MORRIS | RESIDENTIAL | $300,000 | 196 ft |
Current Tax Year