Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2022 · $13K total declared value · Most recent: Mar 2026 (res)
Water Heaters Now Inc
Archcraft Exteriors LLC
Standard Heating and Air Conditioning Inc
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 3 — medium-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 2,400 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2406 GLENWOOD AVE MINNEAPOLIS MN 55405 | MARGARET PENLAND | RESIDENTIAL | $306,300 | 55 ft |
| 2400 GLENWOOD AVE MINNEAPOLIS MN 55405 | EDWARD J MCROBERTS | RESIDENTIAL | $212,700 | 97 ft |
| 323 RUSSELL AVE N MINNEAPOLIS MN 55405 | CHARLOTTE J IPSEN | RESIDENTIAL-TWO UNIT | $319,400 | 107 ft |
| 329 RUSSELL AVE N MINNEAPOLIS MN 55405 | DAVID LAWRENCE STACK | RESIDENTIAL | $244,700 | 141 ft |
| 2415 GLENWOOD AVE MINNEAPOLIS MN 55405 | RYAN J WALSETH | RESIDENTIAL-TWO UNIT | $312,000 | 186 ft |
| 333 RUSSELL AVE N MINNEAPOLIS MN 55405 | HADASSAH DUKES/LEVI BURROWS | RESIDENTIAL | $285,800 | 192 ft |
| 2409 GLENWOOD AVE MINNEAPOLIS MN 55405 | RYAN WALSETH | RESIDENTIAL | $317,900 | 193 ft |
| 2419 GLENWOOD AVE MINNEAPOLIS MN 55405 | RYAN WALSETH | RESIDENTIAL-TWO UNIT | $389,500 | 198 ft |
| 2405 GLENWOOD AVE MINNEAPOLIS MN 55405 | RYAN J WALSETH | RESIDENTIAL-TWO UNIT | $370,800 | 215 ft |
| 2324 GLENWOOD AVE MINNEAPOLIS MN 55405 | 2100 GRAND AVE S LLC | APARTMENT | $668,000 | 219 ft |
Most Recent Sale
Current Tax Year