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 ↗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.
4 permits on record since 2019 · $31K total declared value · Most recent: Dec 2024 (existres)
Standard Heating and Air Conditioning Inc
RENEWAL BY ANDERSEN CORP
5 Star Home Services Inc
Urban Pine Plumbing and Mechanical Inc
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 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 2,639 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2945 37TH AVE S MINNEAPOLIS MN 55406 | SARAH K WEEKS/JOHN M SANDAHL | RESIDENTIAL | $326,600 | 40 ft |
| 2937 37TH AVE S MINNEAPOLIS MN 55406 | ANNA KATHLEEN MADSON | RESIDENTIAL | $260,800 | 40 ft |
| 2933 37TH AVE S MINNEAPOLIS MN 55406 | LINDA FELTES | RESIDENTIAL-TWO UNIT | $398,400 | 80 ft |
| 3702 LAKE ST E MINNEAPOLIS MN 55406 | CTR FOR ASIANS/PACIFIC ISLND | COMMERCIAL-PREFERRED | $0 | 100 ft |
| 2929 37TH AVE S MINNEAPOLIS MN 55406 | E F GALLAS & T J GALLAS | RESIDENTIAL | $289,900 | 120 ft |
| 3712 LAKE ST E MINNEAPOLIS MN 55406 | IRKUSH COMPANY LLC | APARTMENT | $449,000 | 137 ft |
| 2940 38TH AVE S MINNEAPOLIS MN 55406 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 141 ft |
| 2936 38TH AVE S MINNEAPOLIS MN 55406 | A M JACOBSEN & T D BAXTER | RESIDENTIAL | $311,500 | 147 ft |
| 2944 38TH AVE S MINNEAPOLIS MN 55406 | A DWIVEDI & K NIEMELA | RESIDENTIAL-TWO UNIT | $355,700 | 147 ft |
| 2925 37TH AVE S MINNEAPOLIS MN 55406 | A BURGSTEDE & M CALHAN | RESIDENTIAL | $256,400 | 160 ft |
Most Recent Sale
Current Tax Year