Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 ↗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 ↗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 2010 · $158K total declared value · Most recent: Jan 2010 (building re-inspection)
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 3,220 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2358 JAMES AVE N MINNEAPOLIS MN 55411 | BRIAN KITE & TERESA KITE | RESIDENTIAL | $270,000 | 45 ft |
| 2402 JAMES AVE N MINNEAPOLIS MN 55411 | B A ANDREASSEN & P R WIGER | VACANT LAND-RESIDENTIAL | $16,000 | 59 ft |
| 2354 JAMES AVE N MINNEAPOLIS MN 55411 | MERCEDES WALKER | RESIDENTIAL | $310,000 | 90 ft |
| 2406 JAMES AVE N MINNEAPOLIS MN 55411 | ANGEL MORQUECHO | RESIDENTIAL-TWO UNIT | $279,000 | 106 ft |
| 2352 JAMES AVE N MINNEAPOLIS MN 55411 | DERESA SHORTER | RESIDENTIAL | $317,000 | 135 ft |
| 2335 ILION AVE N MINNEAPOLIS MN 55411 | J D KPOTO & T D KPOTO | RESIDENTIAL | $239,700 | 146 ft |
| 2331 ILION AVE N MINNEAPOLIS MN 55411 | S A CROCKER & S CROCKER | RESIDENTIAL | $253,000 | 152 ft |
| 2410 JAMES AVE N MINNEAPOLIS MN 55411 | NOMI JORDAN PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $235,300 | 154 ft |
| 2401 ILION AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | RESIDENTIAL | $0 | 157 ft |
| 2325 ILION AVE N MINNEAPOLIS MN 55411 | WILSON & ASTRUDE MACENO | RESIDENTIAL | $295,000 | 171 ft |
Most Recent Sale
Current Tax Year