Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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.
1 permit on record since 2025 · $7K total declared value · Most recent: Oct 2025 (misc)
PELLA NORTHLAND
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 1259
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 2,512 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2934 18TH AVE S MINNEAPOLIS MN 55407 | JEREMY GRAY & BOBBI GRAY | RESIDENTIAL | $200,900 | 40 ft |
| 2930 18TH AVE S MINNEAPOLIS MN 55407 | SAIFUL ISLAM & TAHIRA SAIF | RESIDENTIAL-TWO UNIT | $262,400 | 80 ft |
| 2928 18TH AVE S MINNEAPOLIS MN 55407 | PATRICIA FORESTAL ORTIZ | VACANT LAND-RESIDENTIAL | $12,000 | 115 ft |
| 1700 LAKE ST E MINNEAPOLIS MN 55407 | PHOENICIAN PROPERTIES LLC | COMMERCIAL-PREFERRED | $1,240,000 | 119 ft |
| 2941 17TH AVE S MINNEAPOLIS MN 55407 | S G CHINAS & M T D OCAMPO | RESIDENTIAL-TWO UNIT | $266,500 | 136 ft |
| 2937 17TH AVE S MINNEAPOLIS MN 55407 | P L A MARTINEZ ET AL | RESIDENTIAL | $187,000 | 138 ft |
| 2933 17TH AVE S MINNEAPOLIS MN 55407 | CITY/LAKES COMMUNITY LAND TR | — | $117,000 | 151 ft |
| 2924 18TH AVE S MINNEAPOLIS MN 55407 | PATRICIA FORESTAL-ORTIZ | COMMERCIAL-PREFERRED | $548,000 | 152 ft |
| 2929 17TH AVE S MINNEAPOLIS MN 55407 | STEVEN M SANDBERG | RESIDENTIAL | $253,000 | 173 ft |
| 2939 18TH AVE S MINNEAPOLIS MN 55407 | SABINO ESPINOZA LOPEZ | RESIDENTIAL-TWO UNIT | $225,100 | 183 ft |
Most Recent Sale
Current Tax Year