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.
3 permits on record since 2010 · $132K total declared value · Most recent: Oct 2025 (res)
Barr Web Industries Inc
CenterPoint Energy Resource Corp
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 2,973 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2020 JAMES AVE N MINNEAPOLIS MN 55411 | GERVACIO VILLA PENALOZA ETAL | RESIDENTIAL-TWO UNIT | $201,100 | 45 ft |
| 2028 JAMES AVE N MINNEAPOLIS MN 55411 | JPS HOMES LLC ET AL | VACANT LAND-RESIDENTIAL | $0 | 59 ft |
| 2018 JAMES AVE N MINNEAPOLIS MN 55411 | SHALETHA THOMAS | RESIDENTIAL | $330,000 | 88 ft |
| 2034 JAMES AVE N MINNEAPOLIS MN 55411 | JPS HOMES LLC | VACANT LAND-RESIDENTIAL | $0 | 104 ft |
| 2014 JAMES AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 131 ft |
| 1545 HILLSIDE AVE N MINNEAPOLIS MN 55411 | DAVID M HADDY & AMY E HADDY | RESIDENTIAL | $289,000 | 139 ft |
| 1541 HILLSIDE AVE N MINNEAPOLIS MN 55411 | ANAND PULCHAN | RESIDENTIAL-TWO UNIT | $238,400 | 145 ft |
| 1547 HILLSIDE AVE N MINNEAPOLIS MN 55411 | NOMI JORDAN PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $261,400 | 151 ft |
| 2038 JAMES AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 151 ft |
| 1537 HILLSIDE AVE N MINNEAPOLIS MN 55411 | MEYMUN MOHAMED | RESIDENTIAL | $208,300 | 166 ft |
Most Recent Sale
Current Tax Year