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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
50 permits on record since 2017 · $34.1M total declared value · Most recent: Jan 2025 (remodel)
HOUWMAN ARCHITECTS
HOUWMAN ARCHITECTS
Lopez Son's Plumbing LLC
Lopez Son's Plumbing LLC
Lopez Son's Plumbing LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Whittier · 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
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 224 LAKE ST W MINNEAPOLIS MN 55408 | PARAMOUNT HOLDING CORP | COMMERCIAL-PREFERRED | $2,330,000 | 183 ft |
| 2933 PLEASANT AVE MINNEAPOLIS MN 55408 | YUSUF CORNER LLC | COMMERCIAL-NON PREFERRED | $3,390,000 | 225 ft |
| 130 LAKE ST W MINNEAPOLIS MN 55408 | LAFEY PLAZA LLC | COMMERCIAL-PREFERRED | $650,000 | 253 ft |
| 201 LAKE ST W MINNEAPOLIS MN 55408 | 201 W LAKE ST LLC | COMMERCIAL-PREFERRED | $956,000 | 286 ft |
| 120 LAKE ST W MINNEAPOLIS MN 55408 | SELWIN S ORTEGA ROMERO | COMMERCIAL-PREFERRED | $340,000 | 312 ft |
| 2910 PILLSBURY AVE MINNEAPOLIS MN 55408 | KARMEL LPROPERTIES LLC | COMMERCIAL-PREFERRED | $16,600,000 | 317 ft |
| 3004 PILLSBURY AVE MINNEAPOLIS MN 55408 | 201 W LAKE ST LLC | COMMERCIAL-PREFERRED | $505,000 | 333 ft |
| 118 LAKE ST W MINNEAPOLIS MN 55408 | SELWIN S ORTEGA ROMERO | COMMERCIAL-NON PREFERRED | $295,000 | 341 ft |
| 3008 PILLSBURY AVE MINNEAPOLIS MN 55408 | 201 W LAKE ST LLC | COMMERCIAL-PREFERRED | $568,000 | 379 ft |
| 2930 BLAISDELL AVE MINNEAPOLIS MN 55408 | AHMED BROWNE | CONDOMINIUM | $79,000 | 395 ft |