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 2024 · $27K total declared value · Most recent: Aug 2024 (roofwind)
SIMON CONSTRUCTION
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Ventura Village · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 59.02
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 2,392 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 629 19TH ST E MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 50 ft |
| 621 19TH ST E MINNEAPOLIS MN 55404 | NORTHERN STATE PROP INC | RESIDENTIAL | $266,700 | 50 ft |
| 631 19TH ST E MINNEAPOLIS MN 55404 | BRICK LLC | VACANT LAND-APARTMENT | $65,000 | 100 ft |
| 615 19TH ST E MINNEAPOLIS MN 55404 | TAM HUU PHAM | RESIDENTIAL-TWO UNIT | $276,200 | 100 ft |
| 624 FRANKLIN AVE E MINNEAPOLIS MN 55404 | THE STRAITGATE CHURCH INC | COMMERCIAL-PREFERRED | $0 | 116 ft |
| 626 19TH ST E MINNEAPOLIS MN 55404 | BRICK LLC | APARTMENT | $588,000 | 176 ft |
| 1900 PARK AVE MINNEAPOLIS MN 55404 | BRICK LLC | APARTMENT | $2,375,000 | 202 ft |
| 1901 PORTLAND AVE MINNEAPOLIS MN 55404 | ST PAULS EVANGELICAL LUTH CH | COMMERCIAL-PREFERRED | $0 | 217 ft |
| 1828 PARK AVE MINNEAPOLIS MN 55404 | ESSO APARTMENTS LLC | LOW INCOME RENTAL | $1,698,000 | 244 ft |
| 1918 PARK AVE MINNEAPOLIS MN 55404 | BRICK LLC | APARTMENT | $747,000 | 249 ft |
Most Recent Sale
Current Tax Year