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 ↗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 ↗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.
No permits found in Minneapolis open data for this parcel.
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
Lot dimensions are insufficient for the standard setbacks shown.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on sfr / adu benchmarks for 42 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1815 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $18,000 | 26 ft |
| 1821 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $37,100 | 59 ft |
| 1810 PORTLAND AVE MINNEAPOLIS MN 55404 | MARGUZ CORPORATION | APARTMENT | $913,000 | 94 ft |
| 1816 PORTLAND AVE MINNEAPOLIS MN 55404 | PEACE HOUSE COMMUNITY | COMMERCIAL-PREFERRED | $0 | 101 ft |
| 1825 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $171,100 | 139 ft |
| 1822 PORTLAND AVE MINNEAPOLIS MN 55404 | CULLEN HOMES INC | RESIDENTIAL-TWO UNIT | $337,600 | 142 ft |
| 1824 PORTLAND AVE MINNEAPOLIS MN 55404 | CULLEN HOMES INC | RESIDENTIAL-TWO UNIT | $400,200 | 178 ft |
| 1829 5TH AVE S MINNEAPOLIS MN 55404 | DUNDRY HOUSE LLC | VACANT LAND-APARTMENT | $83,200 | 216 ft |
| 1826 PORTLAND AVE MINNEAPOLIS MN 55404 | ELLIOT PARK LODGE LLC | TRIPLEX | $497,000 | 223 ft |
| 1805 PORTLAND AVE MINNEAPOLIS MN 55404 | INDIAN NGHBRHD CLUB ALC DRUG | APARTMENT | $0 | 329 ft |
Current Tax Year