Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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.
10 permits on record since 2017 · $78K total declared value · Most recent: Sep 2023 (res)
FFM LLC
KAL CONSTRUCTION INC
CENTERPOINT ENERGY
INNOVATIVE BUILDING & DESIGN LLC
REAL LIFE MN LLC
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 3,044 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2055 3RD AVE N MINNEAPOLIS MN 55405 | JOHN R & JENNIFER A CLARNO | RESIDENTIAL | $275,100 | 42 ft |
| 2047 3RD AVE N MINNEAPOLIS MN 55405 | JUSTIN CRAMM | RESIDENTIAL | $350,000 | 42 ft |
| 242 PENN AVE N MINNEAPOLIS MN 55405 | SARAH DEIMEL ET AL | RESIDENTIAL | $250,100 | 88 ft |
| 2041 3RD AVE N MINNEAPOLIS MN 55405 | JOHN A BOSTROM | RESIDENTIAL | $337,000 | 102 ft |
| 2039 3RD AVE N MINNEAPOLIS MN 55405 | SAMUEL BRANSTAD | RESIDENTIAL | $197,100 | 147 ft |
| 300 PENN AVE N MINNEAPOLIS MN 55405 | T C COMMUNITY LAND BANK LLC | RESIDENTIAL-TWO UNIT | $352,100 | 150 ft |
| 236 PENN AVE N MINNEAPOLIS MN 55405 | MARGARITA CORTEZ-DAVILA | RESIDENTIAL | $268,500 | 151 ft |
| 2116 2ND AVE N MINNEAPOLIS MN 55405 | CITY/LAKES COMMUNITY LAND TR | — | $354,000 | 151 ft |
| 2108 2ND AVE N MINNEAPOLIS MN 55405 | TITHE INVESTMENTS LLC | APARTMENT | $392,000 | 163 ft |
| 2035 3RD AVE N MINNEAPOLIS MN 55405 | B KHAMMOUNGKHOUN ET AL | RESIDENTIAL | $198,600 | 187 ft |
Most Recent Sale
Current Tax Year