Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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.
2 permits on record since 2019 · $21K total declared value · Most recent: Apr 2024 (roofwind)
MCKENZIE INC
Pipe Dream Plumbing INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Longfellow · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1074
Zip code 55406
Source: Redfin Data Center (Invalid Date) · Zip 55406
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 2,640 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2912 38TH AVE S MINNEAPOLIS MN 55406 | T J SEGERSIN & B A SEGERSIN | RESIDENTIAL | $301,600 | 40 ft |
| 2920 38TH AVE S MINNEAPOLIS MN 55406 | HANNAH MAERTZ | RESIDENTIAL | $257,400 | 40 ft |
| 2908 38TH AVE S MINNEAPOLIS MN 55406 | JAMES W MCGINN | RESIDENTIAL | $270,000 | 80 ft |
| 2924 38TH AVE S MINNEAPOLIS MN 55406 | EMILIE L LIEPA | RESIDENTIAL | $227,400 | 80 ft |
| 2928 38TH AVE S MINNEAPOLIS MN 55406 | J S HARVEY & M T VIDAS | RESIDENTIAL | $255,200 | 120 ft |
| 2904 38TH AVE S MINNEAPOLIS MN 55406 | R R WILSON & J A WILSON | RESIDENTIAL | $202,000 | 120 ft |
| 2917 37TH AVE S MINNEAPOLIS MN 55406 | ANEESA ADAMS | RESIDENTIAL | $253,000 | 142 ft |
| 2921 37TH AVE S MINNEAPOLIS MN 55406 | ADAM BURGSTEDE | RESIDENTIAL-TWO UNIT | $379,500 | 147 ft |
| 2913 37TH AVE S MINNEAPOLIS MN 55406 | BRIAN M STEFFEK LIVING TRUST | RESIDENTIAL | $232,300 | 147 ft |
| 2932 38TH AVE S MINNEAPOLIS MN 55406 | IONE L TOLLEFSON | RESIDENTIAL | $250,700 | 160 ft |
Most Recent Sale
Current Tax Year