Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 ↗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.
10 permits on record since 2007 · $16.1M total declared value · Most recent: Apr 2024 (commfdrr)
Erickson Plumbing Heating Cooling Inc
Erickson Plumbing Heating Cooling Inc
Erickson Plumbing Heating Cooling Inc
Jayhawk Mechanical Inc
Erickson Plumbing Heating Cooling Inc
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
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 624 FRANKLIN AVE E MINNEAPOLIS MN 55404 | THE STRAITGATE CHURCH INC | LAND-COMMERCIAL | $0 | 159 ft |
| 611 FRANKLIN AVE E MINNEAPOLIS MN 55404 | FRANKLIN PRTLND GTWY PH I LP | LOW INCOME RENTAL | $3,686,500 | 208 ft |
| 624 FRANKLIN AVE E MINNEAPOLIS MN 55404 | THE STRAITGATE CHURCH INC | COMMERCIAL-PREFERRED | $0 | 212 ft |
| 628 FRANKLIN AVE E MINNEAPOLIS MN 55404 | LEE THOMAS PICKETT | CONDOMINIUM | $90,400 | 212 ft |
| 628 FRANKLIN AVE E MINNEAPOLIS MN 55404 | MICHAEL RICHMOND | CONDOMINIUM | $270,600 | 212 ft |
| 628 FRANKLIN AVE E MINNEAPOLIS MN 55404 | TATIANA MAI JENSEN | CONDOMINIUM | $270,600 | 212 ft |
| 628 FRANKLIN AVE E MINNEAPOLIS MN 55404 | BLISS AMY BENSON | — | $270,600 | 212 ft |
| 628 FRANKLIN AVE E MINNEAPOLIS MN 55404 | KATHRINE MELIA ARAGON GATES | — | $270,600 | 212 ft |
| 628 FRANKLIN AVE E MINNEAPOLIS MN 55404 | CITY OF LAKES COMMTY LAND TR | CONDOMINIUM | $270,600 | 212 ft |
| 628 FRANKLIN AVE E MINNEAPOLIS MN 55404 | JOSIAH HANKA | — | $270,600 | 212 ft |