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.
3 permits on record since 2020 · $7K total declared value · Most recent: May 2025 (existres)
Dean's Professional Plumbing Inc
NORTHERN AIR CORP
NORTHERN AIR CORP
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Sumner - Glenwood · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1034
Zip code 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 961 5TH AVE N MINNEAPOLIS MN 55405 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 136 ft |
| 921 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 | TWIN CITIES OPP IND CENTERS | COMMERCIAL-PREFERRED | $0 | 213 ft |
| 900 4TH AVE N MINNEAPOLIS MN 55405 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 320 ft |
| 901 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 | TWIN CITIES OPP IND CENTERS | COMMERCIAL-PREFERRED | $0 | 325 ft |
| 1101 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 | TWIN CITIES OPP IND CENTERS | COMMERCIAL-PREFERRED | $0 | 376 ft |
| 430 BRYANT AVE N MINNEAPOLIS MN 55405 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 525 ft |
| 800 4TH AVE N MINNEAPOLIS MN 55405 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 647 ft |
| 851 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 659 ft |
| 1134 VAN WHITE MEM BLVD MINNEAPOLIS MN 55405 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 710 ft |
| 350 VAN WHITE MEM BLVD MINNEAPOLIS MN 55405 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 805 ft |
Current Tax Year