Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the Minneapolis South Green Zone — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green 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 2019 · Most recent: Mar 2019 (res)
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Seward · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1062
Zip code 55406
Source: Redfin Data Center (Invalid Date) · Zip 55406
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,214 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 915 24TH AVE S MINNEAPOLIS MN 55406 | EMILY GREEN LOMHEIM | RESIDENTIAL-TWO UNIT | $383,900 | 40 ft |
| 917 24TH AVE S MINNEAPOLIS MN 55406 | SAMUEL WONDIMU | RESIDENTIAL-TWO UNIT | $341,000 | 78 ft |
| 2405 9TH ST S MINNEAPOLIS MN 55406 | SHELBY RAE HALL | TOWNHOUSE | $188,000 | 80 ft |
| 2403 9TH ST S MINNEAPOLIS MN 55406 | JESSICA A BECKER | TOWNHOUSE | $233,000 | 83 ft |
| 2407 9TH ST S MINNEAPOLIS MN 55406 | WENDY DARST | TOWNHOUSE | $194,000 | 85 ft |
| 2409 9TH ST S MINNEAPOLIS MN 55406 | C E WOLKEN & K M WOLKEN | TOWNHOUSE | $188,000 | 95 ft |
| 2401 9TH ST S MINNEAPOLIS MN 55406 | ROXANNE M RUID | TOWNHOUSE | $184,000 | 96 ft |
| 901 24TH AVE S MINNEAPOLIS MN 55406 | EARTH SHELTERED OWNERS ASSOC | COMMON AREA | $0 | 110 ft |
| 2411 9TH ST S MINNEAPOLIS MN 55406 | ELAINE P MAGNAN REV LIV TR | TOWNHOUSE | $188,000 | 110 ft |
| 921 24TH AVE S MINNEAPOLIS MN 55406 | LO2 LLC | APARTMENT | $1,137,000 | 123 ft |
Most Recent Sale
Current Tax Year