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.
8 permits on record since 2017 · $58K total declared value · Most recent: Oct 2022 (misc)
Perry and Horton Construction INC
ELYSIAN CONSTRUCTION INC
Freedom Heating and Air Conditioning Inc
Spriggs Plumbing & Heating Inc
Ryan J Walseth
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 3-story wood frame (5–12 units) benchmarks for 4,141 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2405 GLENWOOD AVE MINNEAPOLIS MN 55405 | RYAN J WALSETH | RESIDENTIAL-TWO UNIT | $370,800 | 56 ft |
| 2415 GLENWOOD AVE MINNEAPOLIS MN 55405 | RYAN J WALSETH | RESIDENTIAL-TWO UNIT | $312,000 | 56 ft |
| 2419 GLENWOOD AVE MINNEAPOLIS MN 55405 | RYAN WALSETH | RESIDENTIAL-TWO UNIT | $389,500 | 120 ft |
| 2401 GLENWOOD AVE MINNEAPOLIS MN 55405 | WILLIAM E DRIESSEN | RESIDENTIAL | $261,700 | 122 ft |
| 2406 INGLEWOOD AVE MINNEAPOLIS MN 55405 | MARK R MCNAUGHTON | RESIDENTIAL-TWO UNIT | $333,100 | 126 ft |
| 2414 INGLEWOOD AVE MINNEAPOLIS MN 55405 | K D MCCOLLAM & E MCCOLLAM | RESIDENTIAL-TWO UNIT | $353,300 | 128 ft |
| 2418 INGLEWOOD AVE MINNEAPOLIS MN 55405 | M2NH LLC | RESIDENTIAL-TWO UNIT | $332,200 | 160 ft |
| 2400 INGLEWOOD AVE MINNEAPOLIS MN 55405 | MARK R MCNAUGHTON | RESIDENTIAL-TWO UNIT | $335,300 | 181 ft |
| 2406 GLENWOOD AVE MINNEAPOLIS MN 55405 | MARGARET PENLAND | RESIDENTIAL | $306,300 | 186 ft |
| 2400 GLENWOOD AVE MINNEAPOLIS MN 55405 | EDWARD J MCROBERTS | RESIDENTIAL | $212,700 | 192 ft |
Most Recent Sale
Current Tax Year