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 ↗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 ↗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.
3 permits on record since 2013 · $8.2M total declared value · Most recent: Dec 2013 (binb)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Lowry Hill East · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 77
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 14,701 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2809 FREMONT AVE S MINNEAPOLIS MN 55408 | FREMONT TERRACE APTS LLC | APARTMENT | $5,060,000 | 143 ft |
| 1115 28TH ST W MINNEAPOLIS MN 55408 | ISLES WEST TIC LLC ET AL | APARTMENT | $5,087,000 | 193 ft |
| 1204 28TH ST W MINNEAPOLIS MN 55408 | WILLIAM F BRINK REVOC TRUST | RESIDENTIAL-TWO UNIT | $332,900 | 211 ft |
| 1210 28TH ST W MINNEAPOLIS MN 55408 | SIBERT RENOVATIONS LLC | RESIDENTIAL | $161,700 | 213 ft |
| 1200 28TH ST W MINNEAPOLIS MN 55408 | JON M BARTELT | RESIDENTIAL-TWO UNIT | $412,200 | 215 ft |
| 1208 28TH ST W MINNEAPOLIS MN 55408 | ANDREW NASVIK | RESIDENTIAL-TWO UNIT | $341,300 | 215 ft |
| 2757 FREMONT AVE S MINNEAPOLIS MN 55408 | KHEIM PROPERTIES LLC | RESIDENTIAL | $495,300 | 249 ft |
| 2825 FREMONT AVE S MINNEAPOLIS MN 55408 | FREMONT TERRACE APTS LLC | APARTMENT | $3,588,000 | 261 ft |
| 2753 FREMONT AVE S MINNEAPOLIS MN 55408 | GREGORY KULACKI & HONG YAO | RESIDENTIAL-TWO UNIT | $465,900 | 269 ft |
| 2746 EMERSON AVE S MINNEAPOLIS MN 55408 | MAXWELL TYLER FRENCH | RESIDENTIAL | $289,000 | 271 ft |
Most Recent Sale
Current Tax Year