Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2012 · $130K total declared value · Most recent: Jan 2012 (building re-inspection)
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
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 3,129 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1518 IRVING AVE N MINNEAPOLIS MN 55411 | J P MADORE & S J MADORE | RESIDENTIAL-TWO UNIT | $277,500 | 41 ft |
| 1508 IRVING AVE N MINNEAPOLIS MN 55411 | DANE MANAGEMENT LLC | LOW INCOME RENTAL | $218,000 | 41 ft |
| 1522 IRVING AVE N MINNEAPOLIS MN 55411 | CITY LAKES COMM LAND TRUST | — | $288,000 | 83 ft |
| 1504 IRVING AVE N MINNEAPOLIS MN 55411 | E GORSHTEYN & A GORSHTEYN | RESIDENTIAL | $220,000 | 83 ft |
| 1500 IRVING AVE N MINNEAPOLIS MN 55411 | RYANN A ADKINS | RESIDENTIAL-TWO UNIT | $337,400 | 124 ft |
| 1410 15TH AVE N MINNEAPOLIS MN 55411 | A M L DRESSLER/E DRESSLER | RESIDENTIAL | $184,300 | 127 ft |
| 1524 IRVING AVE N MINNEAPOLIS MN 55411 | JAMIE E BRIGHT | RESIDENTIAL | $274,300 | 142 ft |
| 1415 16TH AVE N MINNEAPOLIS MN 55411 | URBAN HOMEWORKS INC | LOW INCOME RENTAL | $288,800 | 144 ft |
| 1411 16TH AVE N MINNEAPOLIS MN 55411 | GAVIN A PUGH & CRISHA L PUGH | RESIDENTIAL | $157,000 | 148 ft |
| 1406 15TH AVE N MINNEAPOLIS MN 55411 | CHARLES PEMBERTON/ADAM HUNT | RESIDENTIAL-TWO UNIT | $228,700 | 168 ft |
Most Recent Sale
Current Tax Year