ParcelLens
Property Intelligence · Twin Cities
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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 ↗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 ↗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.
3 permits on record since 2020 · $47K total declared value · Most recent: Sep 2025 (existres)
Blue Ox Heating and Air LLC
SJ ROOFING LLC
Asap Underground LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 2,227 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 408 RUSSELL AVE N MINNEAPOLIS MN 55405 | GRADY HEGEL ET AL | RESIDENTIAL-TWO UNIT | $343,400 | 39 ft |
| 418 RUSSELL AVE N MINNEAPOLIS MN 55405 | ANGELA L HIPP & JAMES J HIPP | RESIDENTIAL | $266,000 | 40 ft |
| 406 RUSSELL AVE N MINNEAPOLIS MN 55405 | DE'JACIA LEE | RESIDENTIAL | $259,000 | 79 ft |
| 422 RUSSELL AVE N MINNEAPOLIS MN 55405 | M JOHNSON & M OVERFORS | RESIDENTIAL | $226,000 | 80 ft |
| 2312 4TH AVE N MINNEAPOLIS MN 55405 | J C COX & S K MUSKAT | RESIDENTIAL | $246,000 | 95 ft |
| 426 RUSSELL AVE N MINNEAPOLIS MN 55405 | ISRAEL BALTAZAR | RESIDENTIAL | $213,600 | 120 ft |
| 400 RUSSELL AVE N MINNEAPOLIS MN 55405 | MAURA L BROWN | RESIDENTIAL | $246,900 | 120 ft |
| 2315 5TH AVE N MINNEAPOLIS MN 55405 | MIRIAM EASON | RESIDENTIAL | $254,500 | 138 ft |
| 428 RUSSELL AVE N MINNEAPOLIS MN 55405 | BRANT PEUSER & JESTIN LUNDAY | RESIDENTIAL | $394,000 | 170 ft |
| 415 QUEEN AVE N MINNEAPOLIS MN 55405 | A V EHRICH & J M VAN GAALEN | RESIDENTIAL-TWO UNIT | $241,900 | 175 ft |
Most Recent Sale
Current Tax Year