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.
4 permits on record since 2017 · $43K total declared value · Most recent: Apr 2024 (misc)
SMART CONSTRUCTION AND REMODELING INC
SMART CONSTRUCTION AND REMODELING INC
WOODCREST BUILDERS
Centraire Heating & Air Conditioning 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 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 1,808 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 241 MORGAN AVE N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | VACANT LAND-RESIDENTIAL | $1,100 | 40 ft |
| 1908 2ND AVE N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | RESIDENTIAL-TWO UNIT | $333,900 | 61 ft |
| 237 MORGAN AVE N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | RESIDENTIAL-TWO UNIT | $286,200 | 66 ft |
| 1905 3RD AVE N MINNEAPOLIS MN 55405 | B GJERDE & G ANDERSON | RESIDENTIAL-TWO UNIT | $285,900 | 104 ft |
| 1910 2ND AVE N MINNEAPOLIS MN 55405 | C M KNAEBLE & J B DAHLEN | RESIDENTIAL-TWO UNIT | $337,600 | 105 ft |
| 1901 3RD AVE N MINNEAPOLIS MN 55405 | MATTHEW D OLMSTED ET AL | RESIDENTIAL-TWO UNIT | $377,400 | 105 ft |
| 1911 3RD AVE N MINNEAPOLIS MN 55405 | HIEU HO & SAMANTHA HOCAO | RESIDENTIAL | $158,000 | 115 ft |
| 250 MORGAN AVE N MINNEAPOLIS MN 55405 | B A BRADY & BRE-CHAI K BRADY | RESIDENTIAL | $208,100 | 138 ft |
| 1915 3RD AVE N MINNEAPOLIS MN 55405 | TARA A SILTBERG | RESIDENTIAL | $262,400 | 145 ft |
| 248 MORGAN AVE N MINNEAPOLIS MN 55405 | JAIMIE WINTER | RESIDENTIAL | $249,600 | 148 ft |
Most Recent Sale
Current Tax Year