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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗Within the West Broadway Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
2 permits on record since 2023 · Most recent: Jun 2024 (existres)
MAJESTIC CUSTOM HEATING & AIR CONDITIONING
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 3,082 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2017 JAMES AVE N MINNEAPOLIS MN 55411 | MICHELLE LUCAS REED | RESIDENTIAL | $268,800 | 50 ft |
| 2009 JAMES AVE N MINNEAPOLIS MN 55411 | PWR OF PEOPLE LDSHP INST | RESIDENTIAL | $334,000 | 53 ft |
| 2021 JAMES AVE N MINNEAPOLIS MN 55411 | ASHA HASSAN | RESIDENTIAL | $408,000 | 97 ft |
| 2003 JAMES AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 122 ft |
| 1702 WEST BROADWAY MINNEAPOLIS MN 55411 | SULIEMAN HERSH | COMMERCIAL-PREFERRED | $646,000 | 137 ft |
| 1604 WEST BROADWAY MINNEAPOLIS MN 55411 | LAHORE PLAZA LLC | COMMERCIAL-PREFERRED | $463,000 | 138 ft |
| 2025 JAMES AVE N MINNEAPOLIS MN 55411 | E B BROWN & W BROWN | RESIDENTIAL | $361,000 | 142 ft |
| 2001 JAMES AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 183 ft |
| 2027 JAMES AVE N MINNEAPOLIS MN 55411 | COLEACE C HUNT | RESIDENTIAL | $284,000 | 187 ft |
| 2020 JAMES AVE N MINNEAPOLIS MN 55411 | GERVACIO VILLA PENALOZA ETAL | RESIDENTIAL-TWO UNIT | $201,100 | 205 ft |
Most Recent Sale
Current Tax Year