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 ↗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 ↗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 2023 · $6K total declared value · Most recent: Feb 2024 (misc)
NEXGEN EXTERIORS INC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 4,523 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 506 RUSSELL AVE N MINNEAPOLIS MN 55405 | M HOEL & L WARFIELD | RESIDENTIAL | $332,000 | 69 ft |
| 428 RUSSELL AVE N MINNEAPOLIS MN 55405 | BRANT PEUSER & JESTIN LUNDAY | RESIDENTIAL | $394,000 | 119 ft |
| 514 RUSSELL AVE N MINNEAPOLIS MN 55405 | MICHAEL DENNIS CONNOR | RESIDENTIAL | $261,500 | 129 ft |
| 501 QUEEN AVE N MINNEAPOLIS MN 55405 | KEVIN ROGER PELSEL | RESIDENTIAL | $338,200 | 154 ft |
| 501 QUEEN AVE N MINNEAPOLIS MN 55405 | KEVIN ROGER PELSEL | VACANT LAND-RESIDENTIAL | $1,100 | 157 ft |
| 507 QUEEN AVE N MINNEAPOLIS MN 55405 | ISAAC W BRADLICH | RESIDENTIAL | $207,100 | 159 ft |
| 426 RUSSELL AVE N MINNEAPOLIS MN 55405 | ISRAEL BALTAZAR | RESIDENTIAL | $213,600 | 168 ft |
| 518 RUSSELL AVE N MINNEAPOLIS MN 55405 | MARCIA LYNN OLSON | RESIDENTIAL | $213,000 | 169 ft |
| 511 QUEEN AVE N MINNEAPOLIS MN 55405 | NENA KUHR & EZRA VAUGHN | RESIDENTIAL | $214,300 | 174 ft |
| 2315 5TH AVE N MINNEAPOLIS MN 55405 | MIRIAM EASON | RESIDENTIAL | $254,500 | 184 ft |
Current Tax Year