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.
1 permit on record since 2020 · Most recent: Jan 2020 (res)
Water Heaters Now Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Near - North · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1028
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 3,449 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1401 17TH AVE N MINNEAPOLIS MN 55411 | NAHUM MANASES MORALES | RESIDENTIAL | $169,000 | 40 ft |
| 1411 17TH AVE N MINNEAPOLIS MN 55411 | DANIEL B FRY | RESIDENTIAL | $289,700 | 40 ft |
| 1415 17TH AVE N MINNEAPOLIS MN 55411 | VORK 17TH FAMILY TRUST | RESIDENTIAL-TWO UNIT | $278,500 | 80 ft |
| 1315 17TH AVE N MINNEAPOLIS MN 55411 | SANDY VANG & CHIA THAO | RESIDENTIAL | $176,400 | 80 ft |
| 1311 17TH AVE N MINNEAPOLIS MN 55411 | DANMARK PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $238,700 | 121 ft |
| 1622 IRVING AVE N MINNEAPOLIS MN 55411 | N E SULLIVAN & N P PEPPER | RESIDENTIAL | $252,500 | 176 ft |
| 1628 IRVING AVE N MINNEAPOLIS MN 55411 | MARGARET LOU BURRESS | RESIDENTIAL | $419,100 | 177 ft |
| 1406 16TH AVE N MINNEAPOLIS MN 55411 | AUDRIE MUNN | RESIDENTIAL-TWO UNIT | $244,200 | 182 ft |
| 1410 16TH AVE N MINNEAPOLIS MN 55411 | FAY HOLLAND/PRECIOUS WALKER | RESIDENTIAL | $290,700 | 186 ft |
| 1320 16TH AVE N MINNEAPOLIS MN 55411 | SEGUNDA A BALVOA ANGAMARCA | RESIDENTIAL | $342,100 | 186 ft |
Most Recent Sale
Current Tax Year