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.
1 permit on record since 2025 · $8K total declared value · Most recent: Apr 2025 (misc)
Minnesota Builders LLP
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 5,822 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 241 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | T A PARSON & C A PARSON | RESIDENTIAL | $251,900 | 47 ft |
| 247 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | J M FOLINE & J G FOLINE | RESIDENTIAL | $274,000 | 50 ft |
| 237 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | BEN MEZZENGA | RESIDENTIAL-TWO UNIT | $372,000 | 88 ft |
| 301 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | D K STRAUB & L B LINGREN | RESIDENTIAL | $212,000 | 95 ft |
| 301 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 113 ft |
| 229 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | STEPHEN WILEY LIVING TRUST | RESIDENTIAL | $263,500 | 130 ft |
| 307 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | MIGUEL MENDOZA PACHECO ETAL | RESIDENTIAL | $237,200 | 135 ft |
| 225 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | Z KRENZ/G KRENZ/D L KRENZ | RESIDENTIAL-TWO UNIT | $352,200 | 173 ft |
| 309 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | RICHELLE TAYLOR | RESIDENTIAL-TWO UNIT | $278,600 | 174 ft |
| 324 GRAMERCY AVE N MINNEAPOLIS MN 55405 | R L CRAMER & E NUNEZ-CRAMER | RESIDENTIAL-TWO UNIT | $311,100 | 175 ft |
Most Recent Sale
Current Tax Year