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 · $49.4M total declared value · Most recent: Jan 2018 (commercial multi-family)
Major Mechanical Inc
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
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 44,567 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2825 FREMONT AVE S MINNEAPOLIS MN 55408 | FREMONT TERRACE APTS LLC | APARTMENT | $3,588,000 | 127 ft |
| 2809 FREMONT AVE S MINNEAPOLIS MN 55408 | FREMONT TERRACE APTS LLC | APARTMENT | $5,060,000 | 287 ft |
| 2812 EMERSON AVE S MINNEAPOLIS MN 55408 | MN UPTOWN ON EMERSON LLC | APARTMENT | $3,230,000 | 295 ft |
| 2836 DUPONT AVE S MINNEAPOLIS MN 55408 | MN UPTOWN ON EMERSON LLC | APARTMENT | $37,110,000 | 296 ft |
| 2896 FREMONT AVE S MINNEAPOLIS MN 55408 | METROPOLITAN COUNCIL | LAND-COMMERCIAL | $0 | 352 ft |
| 2838 FREMONT AVE S MINNEAPOLIS MN 55408 | FREMONT STREET VENTURES LLC | APARTMENT | $39,000,000 | 355 ft |
| 2812 DUPONT AVE S MINNEAPOLIS MN 55408 | ISLES WEST TIC LLC ET AL | VACANT LAND-APARTMENT | $1,008,800 | 364 ft |
| 2810 FREMONT AVE S MINNEAPOLIS MN 55408 | 2812 FREMONT LLC | APARTMENT | $2,113,000 | 369 ft |
| 1115 28TH ST W MINNEAPOLIS MN 55408 | ISLES WEST TIC LLC ET AL | APARTMENT | $5,087,000 | 390 ft |
| 2808 FREMONT AVE S MINNEAPOLIS MN 55408 | TERRI ANN KARIS | RESIDENTIAL | $423,800 | 398 ft |
Most Recent Sale
Current Tax Year