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.
2 permits on record since 2023 · $14K total declared value · Most recent: Sep 2024 (misc)
Innovative Basement Authority
CRAFTSMAN CONSTRUCTION SERVICES 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 2,399 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 411 RUSSELL AVE N MINNEAPOLIS MN 55405 | FRED SCURRY ETAL | RESIDENTIAL | $196,800 | 40 ft |
| 403 RUSSELL AVE N MINNEAPOLIS MN 55405 | ALAN R CUPP | RESIDENTIAL | $237,000 | 55 ft |
| 415 RUSSELL AVE N MINNEAPOLIS MN 55405 | B PTACEK & K TAKATSUKA | RESIDENTIAL | $298,500 | 80 ft |
| 419 RUSSELL AVE N MINNEAPOLIS MN 55405 | HENRY J NAHURSKI | RESIDENTIAL | $373,900 | 120 ft |
| 333 RUSSELL AVE N MINNEAPOLIS MN 55405 | HADASSAH DUKES/LEVI BURROWS | RESIDENTIAL | $285,800 | 125 ft |
| 423 RUSSELL AVE N MINNEAPOLIS MN 55405 | TRAVIS SAGEDAHL | RESIDENTIAL | $178,000 | 160 ft |
| 406 RUSSELL AVE N MINNEAPOLIS MN 55405 | DE'JACIA LEE | RESIDENTIAL | $259,000 | 178 ft |
| 408 RUSSELL AVE N MINNEAPOLIS MN 55405 | GRADY HEGEL ET AL | RESIDENTIAL-TWO UNIT | $343,400 | 180 ft |
| 329 RUSSELL AVE N MINNEAPOLIS MN 55405 | DAVID LAWRENCE STACK | RESIDENTIAL | $244,700 | 180 ft |
| 400 RUSSELL AVE N MINNEAPOLIS MN 55405 | MAURA L BROWN | RESIDENTIAL | $246,900 | 181 ft |
Most Recent Sale
Current Tax Year