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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
1 permit on record since 2020 · $3K total declared value · Most recent: Dec 2020 (commercial multi-family)
TEAM MECHANICAL 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 8,351 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 147 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | EAST VIEW LLC | VACANT LAND-RESIDENTIAL | $31,000 | 53 ft |
| 155 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | EAST VIEW LLC | APARTMENT | $600,000 | 76 ft |
| 145 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | EAST VIEW LLC | VACANT LAND-RESIDENTIAL | $67,000 | 109 ft |
| 1625 2ND AVE N MINNEAPOLIS MN 55405 | BRIAN DAVID HAMMER | RESIDENTIAL | $212,800 | 116 ft |
| 141 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | ROBERT GILLEM | VACANT LAND-RESIDENTIAL | $51,000 | 152 ft |
| 1703 2ND AVE N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | RESIDENTIAL-TWO UNIT | $324,200 | 163 ft |
| 133 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | JEFFREY D SWANBERG | RESIDENTIAL | $225,400 | 190 ft |
| 156 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | CHRIS J REED & LINDA M REED | RESIDENTIAL-TWO UNIT | $274,900 | 200 ft |
| 201 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | APARTMENT | $688,000 | 201 ft |
| 160 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | CITY OF LAKES COMM LAND TRST | — | $280,300 | 202 ft |
Most Recent Sale
Current Tax Year