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.
1 permit on record since 2020 · $32K total declared value · Most recent: May 2020 (private)
Rachel Contracting 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 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 4,813 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 507 RUSSELL AVE N MINNEAPOLIS MN 55405 | CATHERINE Y BOOKER | RESIDENTIAL | $321,000 | 106 ft |
| 501 RUSSELL AVE N MINNEAPOLIS MN 55405 | JASON SPRAYBERRY | RESIDENTIAL-TWO UNIT | $331,600 | 128 ft |
| 518 SHERIDAN AVE N MINNEAPOLIS MN 55405 | AARON M UPIN | RESIDENTIAL | $231,600 | 131 ft |
| 507 SHERIDAN AVE N MINNEAPOLIS MN 55405 | SCOTT H MOEN | RESIDENTIAL-TWO UNIT | $325,400 | 133 ft |
| 519 RUSSELL AVE N MINNEAPOLIS MN 55405 | JUDYTHE CALABAY | RESIDENTIAL-TWO UNIT | $395,100 | 147 ft |
| 517 SHERIDAN AVE N MINNEAPOLIS MN 55405 | RICHARD SAPLAWYIGUTIY THAO | RESIDENTIAL | $205,500 | 187 ft |
| 525 RUSSELL AVE N MINNEAPOLIS MN 55405 | JEANNE MADELEINE DOUGLAS | RESIDENTIAL | $240,600 | 206 ft |
| 521 SHERIDAN AVE N MINNEAPOLIS MN 55405 | RENEE L WATSON | RESIDENTIAL | $255,400 | 209 ft |
| 2508 HEANER TER MINNEAPOLIS MN 55405 | GERALD J BOOGAARD LIV TRUST | TRIPLEX | $421,200 | 210 ft |
| 433 RUSSELL AVE N MINNEAPOLIS MN 55405 | JANELLE B BILEWITCH | RESIDENTIAL-TWO UNIT | $327,900 | 218 ft |
Current Tax Year