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
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 196 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1813 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $13,200 | 26 ft |
| 1821 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $37,100 | 33 ft |
| 1816 PORTLAND AVE MINNEAPOLIS MN 55404 | PEACE HOUSE COMMUNITY | COMMERCIAL-PREFERRED | $0 | 99 ft |
| 1810 PORTLAND AVE MINNEAPOLIS MN 55404 | MARGUZ CORPORATION | APARTMENT | $913,000 | 110 ft |
| 1825 5TH AVE S MINNEAPOLIS MN 55404 | MARY C MIKA | VACANT LAND-APARTMENT | $171,100 | 113 ft |
| 1822 PORTLAND AVE MINNEAPOLIS MN 55404 | CULLEN HOMES INC | RESIDENTIAL-TWO UNIT | $337,600 | 130 ft |
| 1824 PORTLAND AVE MINNEAPOLIS MN 55404 | CULLEN HOMES INC | RESIDENTIAL-TWO UNIT | $400,200 | 161 ft |
| 1829 5TH AVE S MINNEAPOLIS MN 55404 | DUNDRY HOUSE LLC | VACANT LAND-APARTMENT | $83,200 | 190 ft |
| 1826 PORTLAND AVE MINNEAPOLIS MN 55404 | ELLIOT PARK LODGE LLC | TRIPLEX | $497,000 | 204 ft |
| 1805 PORTLAND AVE MINNEAPOLIS MN 55404 | INDIAN NGHBRHD CLUB ALC DRUG | APARTMENT | $0 | 344 ft |
Current Tax Year