Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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.
5 permits on record since 2024 · $32.2M total declared value · Most recent: May 2025 (remodel)
(Solar Work) Apadana LLC
Associated Mechanical Contractors Inc
Associated Mechanical Contractors Inc
Associated Mechanical Contractors Inc
FRERICHS CONSTRUCTION CO
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
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 435 GIRARD TER MINNEAPOLIS MN 55405 | CHDC LIMITED PARTNERSHIP I | VACANT LAND-APARTMENT | $1,541,600 | 186 ft |
| 570 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | CHDC LIMITED PARTNERSHIP I | VACANT LAND-APARTMENT | $400,300 | 194 ft |
| 580 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | CHDC LIMITED PARTNERSHIP I | VACANT LAND-APARTMENT | $106,500 | 246 ft |
| 1315 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 | OLSON COURT PARK PLAZA LP | LOW INCOME RENTAL | $4,313,000 | 327 ft |
| 475 GIRARD TER MINNEAPOLIS MN 55405 | CHDC LIMITED PARTNERSHIP I | VACANT LAND-APARTMENT | $204,200 | 362 ft |
| 1303 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 | OLSON REDEVLPMNT I LTD PTNSP | LOW INCOME RENTAL | $18,450,000 | 364 ft |
| 525 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | OLSON COURT PARK PLAZA LP | LOW INCOME RENTAL | $15,127,000 | 368 ft |
| 408 GIRARD TER MINNEAPOLIS MN 55405 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 417 ft |
| 1279 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 | CHDC LIMITED PARTNERSHIP I | VACANT LAND-APARTMENT | $286,000 | 453 ft |
| 1500 GLENWOOD AVE MINNEAPOLIS MN 55405 | MPLS SPECIAL SCHOOL DIST # 1 | COMMERCIAL-PREFERRED | $0 | 632 ft |