Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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.
1 permit on record since 2023 · $25K total declared value · Most recent: Nov 2023 (roofwind)
T-10 Construction Services LLC
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 3,834 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1816 PORTLAND AVE MINNEAPOLIS MN 55404 | PEACE HOUSE COMMUNITY | COMMERCIAL-PREFERRED | $0 | 71 ft |
| 1813 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $13,200 | 94 ft |
| 1815 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $18,000 | 110 ft |
| 1822 PORTLAND AVE MINNEAPOLIS MN 55404 | CULLEN HOMES INC | RESIDENTIAL-TWO UNIT | $337,600 | 135 ft |
| 1821 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $37,100 | 135 ft |
| 1824 PORTLAND AVE MINNEAPOLIS MN 55404 | CULLEN HOMES INC | RESIDENTIAL-TWO UNIT | $400,200 | 178 ft |
| 1825 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $171,100 | 204 ft |
| 1826 PORTLAND AVE MINNEAPOLIS MN 55404 | ELLIOT PARK LODGE LLC | TRIPLEX | $497,000 | 228 ft |
| 1805 PORTLAND AVE MINNEAPOLIS MN 55404 | INDIAN NGHBRHD CLUB ALC DRUG | APARTMENT | $0 | 235 ft |
| 1829 5TH AVE S MINNEAPOLIS MN 55404 | DUNDRY HOUSE LLC | VACANT LAND-APARTMENT | $83,200 | 270 ft |
Most Recent Sale
Current Tax Year