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 2018 · $41K total declared value · Most recent: Apr 2024 (misc)
Brownstone Properties
Farr Plumbing and Heating LLC
ERICK KALLERUP CONSTRUCTION
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 small multifamily (2–4 units, wood frame) benchmarks for 2,628 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 256 IRVING AVE N MINNEAPOLIS MN 55405 | 2100 GRAND AVE S LLC | RESIDENTIAL-TWO UNIT | $198,600 | 40 ft |
| 254 IRVING AVE N MINNEAPOLIS MN 55405 | D JOHNSON & M LAUDERT | RESIDENTIAL | $159,000 | 80 ft |
| 250 IRVING AVE N MINNEAPOLIS MN 55405 | 2100 GRAND AVE S LLC | RESIDENTIAL | $174,800 | 120 ft |
| 259 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | A R FLORES & R I RAMIREZ | RESIDENTIAL | $250,300 | 139 ft |
| 257 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | SAMANTHA HOCAO | RESIDENTIAL-TWO UNIT | $254,300 | 146 ft |
| 246 IRVING AVE N MINNEAPOLIS MN 55405 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 160 ft |
| 253 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | EMILY HERMAN | RESIDENTIAL-TWO UNIT | $266,900 | 162 ft |
| 1401 GLENWOOD AVE MINNEAPOLIS MN 55405 | GLENWOOD 1401 LLC | COMMERCIAL-PREFERRED | $4,560,000 | 165 ft |
| 224 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | LHF CAPITAL LLC | APARTMENT | $929,000 | 172 ft |
| 249 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | LAUREN WIEBER | RESIDENTIAL-TWO UNIT | $235,300 | 185 ft |
Most Recent Sale
Current Tax Year