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.
8 permits on record since 2019 · $265K total declared value · Most recent: Sep 2025 (res)
Warners Stellian Co Inc
Perfection Heating and Air Conditioning Inc
Precision Point Plumbing
Perfection Heating and Air Conditioning Inc
Elea Healy LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Harrison · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1041
Zip code 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
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 7,194 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 514 RUSSELL AVE N MINNEAPOLIS MN 55405 | MICHAEL DENNIS CONNOR | RESIDENTIAL | $261,500 | 60 ft |
| 500 RUSSELL AVE N MINNEAPOLIS MN 55405 | SCOTT H MOEN | RESIDENTIAL-TWO UNIT | $331,800 | 69 ft |
| 518 RUSSELL AVE N MINNEAPOLIS MN 55405 | MARCIA LYNN OLSON | RESIDENTIAL | $213,000 | 100 ft |
| 511 QUEEN AVE N MINNEAPOLIS MN 55405 | NENA KUHR & EZRA VAUGHN | RESIDENTIAL | $214,300 | 155 ft |
| 507 QUEEN AVE N MINNEAPOLIS MN 55405 | ISAAC W BRADLICH | RESIDENTIAL | $207,100 | 157 ft |
| 526 RUSSELL AVE N MINNEAPOLIS MN 55405 | J P & J A MUNNICH | RESIDENTIAL | $203,300 | 160 ft |
| 515 QUEEN AVE N MINNEAPOLIS MN 55405 | ISAAC W BRADLICH | RESIDENTIAL | $293,200 | 166 ft |
| 501 QUEEN AVE N MINNEAPOLIS MN 55405 | KEVIN ROGER PELSEL | RESIDENTIAL | $338,200 | 170 ft |
| 501 QUEEN AVE N MINNEAPOLIS MN 55405 | KEVIN ROGER PELSEL | VACANT LAND-RESIDENTIAL | $1,100 | 181 ft |
| 428 RUSSELL AVE N MINNEAPOLIS MN 55405 | BRANT PEUSER & JESTIN LUNDAY | RESIDENTIAL | $394,000 | 187 ft |
Current Tax Year