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.
3 permits on record since 2017 · $11K total declared value · Most recent: Aug 2021 (misc)
LEGACY RESTORATION LLC
Safe Basements of MN
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 1,769 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2029 3RD AVE N MINNEAPOLIS MN 55405 | MATTHEW JAMES SCHROBER | RESIDENTIAL | $255,000 | 33 ft |
| 2035 3RD AVE N MINNEAPOLIS MN 55405 | B KHAMMOUNGKHOUN ET AL | RESIDENTIAL | $198,600 | 33 ft |
| 2025 3RD AVE N MINNEAPOLIS MN 55405 | ABDULKADIR JAMA & KADRA JAMA | RESIDENTIAL | $476,000 | 66 ft |
| 2039 3RD AVE N MINNEAPOLIS MN 55405 | SAMUEL BRANSTAD | RESIDENTIAL | $197,100 | 73 ft |
| 2023 3RD AVE N MINNEAPOLIS MN 55405 | N MAZZONI & J MAZZONI | RESIDENTIAL | $223,000 | 99 ft |
| 2041 3RD AVE N MINNEAPOLIS MN 55405 | JOHN A BOSTROM | RESIDENTIAL | $337,000 | 118 ft |
| 2021 3RD AVE N MINNEAPOLIS MN 55405 | CLAIRE WASSON & ZACH WASSON | RESIDENTIAL | $287,000 | 132 ft |
| 2032 2ND AVE N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | RESIDENTIAL | $208,400 | 134 ft |
| 2102 2ND AVE N MINNEAPOLIS MN 55405 | FELISA L RITZMAN TRUST | RESIDENTIAL | $174,100 | 136 ft |
| 2028 2ND AVE N MINNEAPOLIS MN 55405 | ROCKWELL LLC | RESIDENTIAL-TWO UNIT | $263,700 | 148 ft |
Most Recent Sale
Current Tax Year