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 ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗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.
1 permit on record since 2024 · $8K total declared value · Most recent: Jan 2024 (misc)
ISL Properties 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
Residential Mixed-Use 1 — low-density mixed 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 3-story wood frame (5–12 units) benchmarks for 5,692 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 409 PENN AVE N MINNEAPOLIS MN 55405 | M GUALLPA/T J GUALLPA CHIQUI | RESIDENTIAL-TWO UNIT | $395,000 | 61 ft |
| 413 PENN AVE N MINNEAPOLIS MN 55405 | J REINEN & J S REINEN | RESIDENTIAL-TWO UNIT | $381,300 | 103 ft |
| 2214 4TH AVE N MINNEAPOLIS MN 55405 | A MCGINNIS & J RAUTMANN | RESIDENTIAL | $399,000 | 106 ft |
| 2218 4TH AVE N MINNEAPOLIS MN 55405 | MICHAEL BAYNTON/STACY BROOKS | RESIDENTIAL-TWO UNIT | $397,300 | 141 ft |
| 417 PENN AVE N MINNEAPOLIS MN 55405 | JOHN M TOUGHILL ETAL | RESIDENTIAL-TWO UNIT | $258,300 | 143 ft |
| 2201 4TH AVE N MINNEAPOLIS MN 55405 | TWIN CITIES COMM LAND BANK | RESIDENTIAL | $296,000 | 162 ft |
| 2209 4TH AVE N MINNEAPOLIS MN 55405 | SHANNON MARIE TORRENCE | RESIDENTIAL | $204,100 | 167 ft |
| 400 PENN AVE N MINNEAPOLIS MN 55405 | IRENE FERNANDO | RESIDENTIAL | $285,000 | 169 ft |
| 2220 4TH AVE N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | RESIDENTIAL | $183,000 | 172 ft |
| 2215 4TH AVE N MINNEAPOLIS MN 55405 | BOWMAN KLINKENBERG | RESIDENTIAL-TWO UNIT | $396,400 | 183 ft |
Most Recent Sale
Current Tax Year