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.
10 permits on record since 2017 · $22K total declared value · Most recent: Jan 2026 (res)
BKMC
BKMC
BONFES PLUMBING HEATING AND AIR SERVICE INC
Weld and Sons Plumbing Inc
TWIN CITY HEATING AND AIR
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 4,199 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 304 GRAMERCY AVE N MINNEAPOLIS MN 55405 | JEFFREY A WASHBURNE | LOW INCOME RENTAL | $394,800 | 45 ft |
| 312 GRAMERCY AVE N MINNEAPOLIS MN 55405 | JASON RUSSELL DORNBUSCH | RESIDENTIAL | $239,700 | 47 ft |
| 300 GRAMERCY AVE N MINNEAPOLIS MN 55405 | ISAAC PETERS & JOANNE PETERS | RESIDENTIAL-TWO UNIT | $362,200 | 87 ft |
| 316 GRAMERCY AVE N MINNEAPOLIS MN 55405 | LANCE OBERT EGGUM | RESIDENTIAL | $181,400 | 91 ft |
| 226 GRAMERCY AVE N MINNEAPOLIS MN 55405 | DAVID A HALVORSON REV TR | TRIPLEX | $380,600 | 132 ft |
| 320 GRAMERCY AVE N MINNEAPOLIS MN 55405 | GREGORY J DAHL | RESIDENTIAL-TWO UNIT | $312,600 | 135 ft |
| 309 GRAMERCY AVE N MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | RESIDENTIAL | $245,200 | 150 ft |
| 305 GRAMERCY AVE N MINNEAPOLIS MN 55405 | AMY JEAN BAUMGARTNER | RESIDENTIAL | $246,400 | 159 ft |
| 225 CEDAR LAKE RD N MINNEAPOLIS MN 55405 | Z KRENZ/G KRENZ/D L KRENZ | RESIDENTIAL-TWO UNIT | $352,200 | 175 ft |
| 222 GRAMERCY AVE N MINNEAPOLIS MN 55405 | KEVIN DAVID MOUA | RESIDENTIAL-TWO UNIT | $390,500 | 177 ft |
Most Recent Sale
Current Tax Year