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.
4 permits on record since 2019 · $10K total declared value · Most recent: Jul 2024 (existres)
PB Services LLC
KAILER CONSTRUCTION CORP
Joel Mitchell
I Site 2 Plumbing LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Jordan · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1021
Zip code 55411
Source: Redfin Data Center (Invalid Date) · Zip 55411
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 3,107 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2427 ILION AVE N MINNEAPOLIS MN 55411 | HAWKEYE REAL ESTATE INVSTMNT | RESIDENTIAL | $193,000 | 45 ft |
| 2419 ILION AVE N MINNEAPOLIS MN 55411 | M WEGSCHEID & A KLEIS | RESIDENTIAL | $209,000 | 45 ft |
| 2415 ILION AVE N MINNEAPOLIS MN 55411 | ROBERT TOSSING/ELLIE MANDEL | RESIDENTIAL-TWO UNIT | $264,600 | 90 ft |
| 2431 ILION AVE N MINNEAPOLIS MN 55411 | MNA RENTALS LLC | RESIDENTIAL | $198,900 | 93 ft |
| 2411 ILION AVE N MINNEAPOLIS MN 55411 | JAMES SWARTWOOD | RESIDENTIAL-TWO UNIT | $213,700 | 135 ft |
| 2435 ILION AVE N MINNEAPOLIS MN 55411 | ADRIAN DAVIS | RESIDENTIAL | $176,000 | 142 ft |
| 2416 JAMES AVE N MINNEAPOLIS MN 55411 | LOUIS WALTON | RESIDENTIAL-TWO UNIT | $237,300 | 142 ft |
| 2423 IRVING AVE N MINNEAPOLIS MN 55411 | JOSEPH JACKSON | LOW INCOME RENTAL | $210,000 | 143 ft |
| 2420 JAMES AVE N MINNEAPOLIS MN 55411 | 2420 JAMES TRUST | RESIDENTIAL-TWO UNIT | $52,800 | 149 ft |
| 2412 JAMES AVE N MINNEAPOLIS MN 55411 | BUNGALOW BOSS HOLDINGS LLC | LOW INCOME RENTAL | $238,000 | 150 ft |
Most Recent Sale
Current Tax Year