Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗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.
5 permits on record since 2000 · $18.6M total declared value · Most recent: Feb 2003 (building re-inspection)
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 1260
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Residential Mixed-Use 3 — higher-density mixed 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 mid-rise concrete (50+ units) benchmarks for 61,089 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2828 5TH AVE S MINNEAPOLIS MN 55408 | NORWEST MORTGAGE INC | LAND-COMMERCIAL | $430,000 | 197 ft |
| 2813 5TH AVE S MINNEAPOLIS MN 55408 | KELLY L MONTES | RESIDENTIAL | $226,000 | 253 ft |
| 2809 5TH AVE S MINNEAPOLIS MN 55408 | JOSEPHINE E VENUS | RESIDENTIAL | $176,000 | 256 ft |
| 2817 5TH AVE S MINNEAPOLIS MN 55408 | RONALD B BENSON | RESIDENTIAL | $182,000 | 257 ft |
| 2832 5TH AVE S MINNEAPOLIS MN 55408 | URBAN VENTURES LEADERSHIP | LAND-COMMERCIAL | $0 | 259 ft |
| 2805 5TH AVE S MINNEAPOLIS MN 55408 | MATTHEW D GLOVER | RESIDENTIAL | $215,000 | 265 ft |
| 2801 5TH AVE S MINNEAPOLIS MN 55408 | PLAZA HOLDINGS LLC | RESIDENTIAL | $187,400 | 281 ft |
| 2821 5TH AVE S MINNEAPOLIS MN 55408 | URBAN VENTURES LDRSHP FNDTN | LAND-COMMERCIAL | $0 | 315 ft |
| 2839 4TH AVE S MINNEAPOLIS MN 55408 | URBN VENTURES LDRSHP FNDTION | LAND-COMMERCIAL | $0 | 320 ft |
| 2810 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $418,600 | 385 ft |
Most Recent Sale
Current Tax Year