Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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 2010 · $89K total declared value · Most recent: Jan 2023 (res)
CenterPoint Energy Resource Corp
MN Plumbing & Home Services 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 3,396 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2205 ILION AVE N MINNEAPOLIS MN 55411 | TERWIN MORTGAGE TRU 2005-5SL | RESIDENTIAL | $150,300 | 48 ft |
| 2121 ILION AVE N MINNEAPOLIS MN 55411 | RYAN LEE DAWES | RESIDENTIAL | $212,000 | 48 ft |
| 2209 ILION AVE N MINNEAPOLIS MN 55411 | JONATHON KOPECKY | RESIDENTIAL | $191,900 | 94 ft |
| 2117 ILION AVE N MINNEAPOLIS MN 55411 | GF PROPERTIES LLC | RESIDENTIAL | $164,900 | 97 ft |
| 2211 ILION AVE N MINNEAPOLIS MN 55411 | BRIAN KEMP & ANITA KEMP | RESIDENTIAL | $246,000 | 142 ft |
| 2113 ILION AVE N MINNEAPOLIS MN 55411 | MARIA S PIZHA MAINATO ET AL | RESIDENTIAL-TWO UNIT | $199,700 | 145 ft |
| 2214 JAMES AVE N MINNEAPOLIS MN 55411 | WILLIAM GORDON | RESIDENTIAL | $300,000 | 154 ft |
| 2210 JAMES AVE N MINNEAPOLIS MN 55411 | ANA LUCIA CALVA CAPA ET AL | RESIDENTIAL | $150,400 | 157 ft |
| 2218 JAMES AVE N MINNEAPOLIS MN 55411 | CHERYL STATZ-JACOBOSKI | RESIDENTIAL-TWO UNIT | $344,700 | 162 ft |
| 2206 JAMES AVE N MINNEAPOLIS MN 55411 | ROCHELLE D WASHINGTON | RESIDENTIAL | $342,000 | 171 ft |
Most Recent Sale
Current Tax Year