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.
1 permit on record since 2025 · Most recent: Nov 2025 (existres)
Standard Heating and Air Conditioning 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
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 4,228 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 413 MORGAN AVE N MINNEAPOLIS MN 55405 | RYAN STAFFARONI | RESIDENTIAL | $141,000 | 50 ft |
| 1905 5TH AVE N MINNEAPOLIS MN 55405 | TANYA WEST | RESIDENTIAL | $408,000 | 79 ft |
| 411 MORGAN AVE N MINNEAPOLIS MN 55405 | MICHAEL WALLACE | RESIDENTIAL-TWO UNIT | $251,100 | 86 ft |
| 1901 5TH AVE N MINNEAPOLIS MN 55405 | RYAN ANDERSON | APARTMENT | $306,000 | 88 ft |
| 1909 5TH AVE N MINNEAPOLIS MN 55405 | IAN MATTHEW BUTLER-SEVERSON | RESIDENTIAL | $380,000 | 91 ft |
| 407 MORGAN AVE N MINNEAPOLIS MN 55405 | MPLS CENTRAL CHRCH OF CHRIST | LAND-COMMERCIAL | $0 | 135 ft |
| 418 NEWTON AVE N MINNEAPOLIS MN 55405 | ANTHONY KARLEN/ANDREA KARLEN | RESIDENTIAL | $247,400 | 148 ft |
| 422 NEWTON AVE N MINNEAPOLIS MN 55405 | JERRY & KATHY SCHAEFER ET AL | RESIDENTIAL-TWO UNIT | $451,600 | 150 ft |
| 414 NEWTON AVE N MINNEAPOLIS MN 55405 | CENTRAL CHURCH OF CHRIST | LAND-COMMERCIAL | $0 | 167 ft |
| 424 NEWTON AVE N MINNEAPOLIS MN 55405 | JAIME LYNN STARLING | RESIDENTIAL | $461,000 | 172 ft |
Most Recent Sale
Current Tax Year