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 ↗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 ↗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.
No permits found in Minneapolis open data for this parcel.
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 3-story wood frame (5–12 units) benchmarks for 3,908 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 255 GIRARD AVE N MINNEAPOLIS MN 55405 | RSRC GIRARD LLC | APARTMENT | $1,897,000 | 50 ft |
| 267 GIRARD AVE N MINNEAPOLIS MN 55405 | RSRC GIRARD LLC | APARTMENT | $2,846,000 | 60 ft |
| 251 GIRARD AVE N MINNEAPOLIS MN 55405 | METROPOLITAN COUNCIL | RESIDENTIAL | $0 | 90 ft |
| 250 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | RSRC GIRARD LLC | APARTMENT | $1,819,000 | 103 ft |
| 244 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | RSRC GIRARD LLC | APARTMENT | $1,819,000 | 104 ft |
| 271 GIRARD AVE N MINNEAPOLIS MN 55405 | AREJA BERISSO | RESIDENTIAL | $362,000 | 110 ft |
| 242 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | RSRC GIRARD LLC | APARTMENT | $1,213,000 | 125 ft |
| 247 GIRARD AVE N MINNEAPOLIS MN 55405 | METROPOLITAN COUNCIL | VACANT LAND-RESIDENTIAL | $0 | 130 ft |
| 258 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | POINT UDALL INVESTMENTS LLC | COMMERCIAL-PREFERRED | $667,000 | 134 ft |
| 238 HUMBOLDT AVE N MINNEAPOLIS MN 55405 | RSRC GIRARD LLC | APARTMENT | $1,213,000 | 150 ft |
Most Recent Sale
Current Tax Year