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 2018 · $6K total declared value · Most recent: Sep 2018 (misc)
ATLAS REAL ESTATE DEVELOPMENT 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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2206 ILION AVE N MINNEAPOLIS MN 55411 | L Y GROMMISH & J T DIEL | RESIDENTIAL | $107,000 | 41 ft |
| 2122 ILION AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | RESIDENTIAL | $0 | 44 ft |
| 2210 ILION AVE N MINNEAPOLIS MN 55411 | STEPHANIE SIBET | RESIDENTIAL | $117,000 | 82 ft |
| 2118 ILION AVE N MINNEAPOLIS MN 55411 | CITY OF LAKES COMM LAND TRST | — | $256,000 | 89 ft |
| 2214 ILION AVE N MINNEAPOLIS MN 55411 | CORINE ROGERS | RESIDENTIAL | $160,200 | 124 ft |
| 1621 HILLSIDE AVE N MINNEAPOLIS MN 55411 | LILLIE FIELDS | RESIDENTIAL | $169,400 | 132 ft |
| 2114 ILION AVE N MINNEAPOLIS MN 55411 | NGOC Y MAI JULLIANNE TRUONG | RESIDENTIAL | $288,000 | 134 ft |
| 1617 HILLSIDE AVE N MINNEAPOLIS MN 55411 | L RODRIGUEZ DOMINGUEZ ET AL | RESIDENTIAL | $273,000 | 148 ft |
| 2216 ILION AVE N MINNEAPOLIS MN 55411 | NICHOLAS CAPITAL INC | RESIDENTIAL-TWO UNIT | $213,500 | 164 ft |
| 1613 HILLSIDE AVE N MINNEAPOLIS MN 55411 | EDDIE EUGENE YEPEZ | RESIDENTIAL | $265,100 | 178 ft |
Current Tax Year