Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
1 permit on record since 2023 · $12K total declared value · Most recent: Sep 2023 (misc)
Red Line Contracting
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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 417 PENN AVE N MINNEAPOLIS MN 55405 | JOHN M TOUGHILL ETAL | RESIDENTIAL-TWO UNIT | $258,300 | 41 ft |
| 409 PENN AVE N MINNEAPOLIS MN 55405 | M GUALLPA/T J GUALLPA CHIQUI | RESIDENTIAL-TWO UNIT | $395,000 | 41 ft |
| 421 PENN AVE N MINNEAPOLIS MN 55405 | ROSA E ALVAREZ YANGA | RESIDENTIAL-TWO UNIT | $399,800 | 82 ft |
| 401 PENN AVE N MINNEAPOLIS MN 55405 | TRAVIS SAGEDAHL | RESIDENTIAL | $343,000 | 103 ft |
| 2214 4TH AVE N MINNEAPOLIS MN 55405 | A MCGINNIS & J RAUTMANN | RESIDENTIAL | $399,000 | 116 ft |
| 2213 5TH AVE N MINNEAPOLIS MN 55405 | KHAMMANH BOUPPHASALY | RESIDENTIAL-TWO UNIT | $311,700 | 146 ft |
| 431 PENN AVE N MINNEAPOLIS MN 55405 | ROSA C SINCHI | RESIDENTIAL | $229,000 | 146 ft |
| 2218 4TH AVE N MINNEAPOLIS MN 55405 | MICHAEL BAYNTON/STACY BROOKS | RESIDENTIAL-TWO UNIT | $397,300 | 149 ft |
| 2211 5TH AVE N MINNEAPOLIS MN 55405 | JSW PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $233,700 | 150 ft |
| 400 PENN AVE N MINNEAPOLIS MN 55405 | IRENE FERNANDO | RESIDENTIAL | $285,000 | 185 ft |