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.
1 permit on record since 2024 · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
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 1,424 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 305 GRAMERCY AVE N MINNEAPOLIS MN 55405 | AMY JEAN BAUMGARTNER | RESIDENTIAL | $246,400 | 72 ft |
| 1619 GLENWOOD AVE MINNEAPOLIS MN 55405 | TRAPHIE SLOCUM | RESIDENTIAL-TWO UNIT | $285,300 | 109 ft |
| 1611 GLENWOOD AVE MINNEAPOLIS MN 55405 | MSMB LLC | CONDOMINIUM | $116,000 | 114 ft |
| 1611 GLENWOOD AVE MINNEAPOLIS MN 55405 | MSMB LLC | RESIDENTIAL | $103,000 | 114 ft |
| 1611 GLENWOOD AVE MINNEAPOLIS MN 55405 | MSMB LLC | CONDOMINIUM | $107,000 | 114 ft |
| 1611 GLENWOOD AVE MINNEAPOLIS MN 55405 | MSMB LLC | CONDOMINIUM | $103,000 | 114 ft |
| 1611 GLENWOOD AVE MINNEAPOLIS MN 55405 | YUKER JOHN RILEY | CONDOMINIUM | $108,000 | 114 ft |
| 1611 GLENWOOD AVE MINNEAPOLIS MN 55405 | MSMB LLC | CONDOMINIUM | $115,000 | 114 ft |
| MN | Unknown | — | — | 114 ft |
| 1623 GLENWOOD AVE MINNEAPOLIS MN 55405 | 2100 GRAND AVE S LLC | VACANT LAND-APARTMENT | $90,900 | 129 ft |
Most Recent Sale
Current Tax Year