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.
3 permits on record since 2019 · $8K total declared value · Most recent: Oct 2019 (accessory)
Alejandro P Ruvalcaba
Blue Ox Heating and Air LLC
AAirgate Heating and AC Inc
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 3,208 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2325 ILION AVE N MINNEAPOLIS MN 55411 | WILSON & ASTRUDE MACENO | RESIDENTIAL | $295,000 | 45 ft |
| 2319 ILION AVE N MINNEAPOLIS MN 55411 | TOULEE JARI YANG/JENNY VANG | RESIDENTIAL | $248,900 | 45 ft |
| 2331 ILION AVE N MINNEAPOLIS MN 55411 | S A CROCKER & S CROCKER | RESIDENTIAL | $253,000 | 90 ft |
| 2315 ILION AVE N MINNEAPOLIS MN 55411 | CITY OF LAKES COMM LAND TRST | — | $342,000 | 90 ft |
| 2335 ILION AVE N MINNEAPOLIS MN 55411 | J D KPOTO & T D KPOTO | RESIDENTIAL | $239,700 | 138 ft |
| 2352 JAMES AVE N MINNEAPOLIS MN 55411 | DERESA SHORTER | RESIDENTIAL | $317,000 | 145 ft |
| 2348 JAMES AVE N MINNEAPOLIS MN 55411 | E C DEMUNCK & S B BASSAN | RESIDENTIAL | $206,700 | 152 ft |
| 2354 JAMES AVE N MINNEAPOLIS MN 55411 | MERCEDES WALKER | RESIDENTIAL | $310,000 | 152 ft |
| 1627 22ND AVE N MINNEAPOLIS MN 55411 | MORRIS VAUGHN KLOCK | APARTMENT | $212,000 | 153 ft |
| 2344 JAMES AVE N MINNEAPOLIS MN 55411 | YER XIONG/PAI KA THAO ET AL | RESIDENTIAL | $225,200 | 171 ft |
Most Recent Sale
Current Tax Year