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.
2 permits on record since 2018 · Most recent: Nov 2024 (existres)
TEAM MECHANICAL INC
CENTERPOINT ENERGY
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
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 3,050 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 522 NEWTON AVE N MINNEAPOLIS MN 55405 | VISHAL YELISETTI | RESIDENTIAL-TWO UNIT | $510,600 | 41 ft |
| 530 NEWTON AVE N MINNEAPOLIS MN 55405 | BLANCA OCHOA | RESIDENTIAL | $296,000 | 41 ft |
| 534 NEWTON AVE N MINNEAPOLIS MN 55405 | BABETTE JEAN KAMBA | RESIDENTIAL | $228,800 | 82 ft |
| 518 NEWTON AVE N MINNEAPOLIS MN 55405 | RENAE ANLAIR & DELANO LEE | RESIDENTIAL | $298,000 | 82 ft |
| 538 NEWTON AVE N MINNEAPOLIS MN 55405 | STEADY PROPERTIES LLC | RESIDENTIAL | $177,000 | 123 ft |
| 512 NEWTON AVE N MINNEAPOLIS MN 55405 | CAROLE BRUNS | RESIDENTIAL | $319,000 | 134 ft |
| 525 MORGAN AVE N MINNEAPOLIS MN 55405 | NANCY POMPLUN | RESIDENTIAL | $249,200 | 149 ft |
| 521 MORGAN AVE N MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 155 ft |
| 515 MORGAN AVE N MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 177 ft |
| 533 MORGAN AVE N MINNEAPOLIS MN 55405 | ERIC FRANCIS DEMAY | RESIDENTIAL-TWO UNIT | $282,700 | 182 ft |
Current Tax Year