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.
4 permits on record since 2017 · Most recent: Sep 2025 (res)
Majestic Plumbing Inc
PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING
Marsh Heating & Air Conditioning Co Inc
Jim Murr Plumbing Inc
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 3,598 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1321 IRVING AVE N MINNEAPOLIS MN 55411 | E CHAVOUSTIE & M CHAVOUSTIE | RESIDENTIAL | $299,700 | 53 ft |
| 1310 JAMES AVE N MINNEAPOLIS MN 55411 | HENNEPIN FOREITED LAND | VACANT LAND-RESIDENTIAL | $0 | 84 ft |
| 1325 IRVING AVE N MINNEAPOLIS MN 55411 | TRACEY ARMSTRONG | RESIDENTIAL | $244,500 | 104 ft |
| 1500 PLYMOUTH AVE N MINNEAPOLIS MN 55411 | PLYMOUTH AVE TOWNHOMES LTD P | LOW INCOME RENTAL | $235,300 | 108 ft |
| 1316 JAMES AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 141 ft |
| 1314 JAMES AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 141 ft |
| 1318 JAMES AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 153 ft |
| 1516 PLYMOUTH AVE N MINNEAPOLIS MN 55411 | PLYMOUTH AVE TOWNHOMES LTD P | LOW INCOME RENTAL | $895,000 | 155 ft |
| 1329 IRVING AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 170 ft |
| 1324 JAMES AVE N MINNEAPOLIS MN 55411 | CHONG K YANG & CHI M YANG | RESIDENTIAL | $208,000 | 185 ft |
Most Recent Sale
Current Tax Year