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.
2 permits on record since 2017 · $6K total declared value · Most recent: Apr 2024 (misc)
ASHTON MCGEE RESTORATION GROUP LLC
Boy's Mechanical Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Harrison · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1041
Zip code 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
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 2,476 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2017 2ND AVE N MINNEAPOLIS MN 55405 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 39 ft |
| 2019 2ND AVE N MINNEAPOLIS MN 55405 | JOELLEN M ARONS | RESIDENTIAL | $405,000 | 43 ft |
| 2011 2ND AVE N MINNEAPOLIS MN 55405 | C RONNING & B CURTIS | RESIDENTIAL | $157,000 | 44 ft |
| 2009 2ND AVE N MINNEAPOLIS MN 55405 | ERIC BLOM & CLAIRE SOISSON | RESIDENTIAL | $350,000 | 84 ft |
| 2025 2ND AVE N MINNEAPOLIS MN 55405 | BRIAN B SEVERNS-O'NEILL ETAL | RESIDENTIAL | $270,300 | 86 ft |
| 2005 2ND AVE N MINNEAPOLIS MN 55405 | N L KRUMHEUER REV LIV TRUST | RESIDENTIAL | $162,000 | 124 ft |
| 214 OLIVER AVE N MINNEAPOLIS MN 55405 | CITY OF MPLS PARK BOARD | VACANT LAND-RESIDENTIAL | $0 | 142 ft |
| 2001 2ND AVE N MINNEAPOLIS MN 55405 | VA LEE | RESIDENTIAL | $191,100 | 164 ft |
| 2012 2ND AVE N MINNEAPOLIS MN 55405 | TODD & SUSAN STENSON TRUST | RESIDENTIAL | $275,000 | 179 ft |
| 2016 2ND AVE N MINNEAPOLIS MN 55405 | KATHRYN R KUISLE | RESIDENTIAL-TWO UNIT | $251,000 | 180 ft |
Most Recent Sale
Current Tax Year