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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
8 permits on record since 2018 · $1.5M total declared value · Most recent: Sep 2023 (commfdnr)
United States Mechanical Inc
FRERICHS CONSTRUCTION CO
Quad E Companies Inc
United States Mechanical Inc
United States Mechanical 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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 508 KNOX AVE N MINNEAPOLIS MN 55405 | DANIEL L COLE | RESIDENTIAL | $161,200 | 55 ft |
| 510 KNOX AVE N MINNEAPOLIS MN 55405 | PANGDAO YANG | RESIDENTIAL | $220,000 | 106 ft |
| 430 KNOX AVE N MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 122 ft |
| 422 KNOX AVE N MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 171 ft |
| 518 KNOX AVE N MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 172 ft |
| 1700 5TH AVE N MINNEAPOLIS MN 55405 | KNOX RENTAL LLC | TRIPLEX | $629,300 | 186 ft |
| 505 KNOX AVE N MINNEAPOLIS MN 55405 | ROBERT D ZEMAN | RESIDENTIAL | $158,000 | 188 ft |
| 511 KNOX AVE N MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 201 ft |
| 427 KNOX AVE N MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 222 ft |
| 515 KNOX AVE N MINNEAPOLIS MN 55405 | TOU JOHN YANG | RESIDENTIAL | $267,000 | 232 ft |
Current Tax Year