Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 ↗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.
2 permits on record since 2020 · $350K total declared value · Most recent: Aug 2024 (roofwind)
Kingfisher Construction
(Solar Work) Apadana 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
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 |
|---|---|---|---|---|
| 501 19TH ST E MINNEAPOLIS MN 55404 | FRANKLIN PORTLAND GTWY PH IV | APARTMENT | $2,960,000 | 168 ft |
| 2001 5TH AVE S MINNEAPOLIS MN 55404 | JOHN PETER & KAY A ELLIASEN | RESIDENTIAL-TWO UNIT | $315,000 | 280 ft |
| 1901 PORTLAND AVE MINNEAPOLIS MN 55404 | ST PAULS EVANGELICAL LUTH CH | COMMERCIAL-PREFERRED | $0 | 307 ft |
| 2005 5TH AVE S MINNEAPOLIS MN 55404 | JOHN PETER & KAY A ELLIASEN | RESIDENTIAL-TWO UNIT | $298,600 | 318 ft |
| 1829 5TH AVE S MINNEAPOLIS MN 55404 | DUNDRY HOUSE LLC | VACANT LAND-APARTMENT | $83,200 | 319 ft |
| 1826 PORTLAND AVE MINNEAPOLIS MN 55404 | ELLIOT PARK LODGE LLC | TRIPLEX | $497,000 | 322 ft |
| 2000 PORTLAND AVE MINNEAPOLIS MN 55404 | FRANKLIN PORTLAND GATEWAY | APARTMENT | $6,495,000 | 346 ft |
| 1931 PORTLAND AVE MINNEAPOLIS MN 55404 | FRANKLIN PORTLAND GWY III LP | APARTMENT | $7,984,000 | 357 ft |
| 2009 5TH AVE S MINNEAPOLIS MN 55404 | JOHN PETER & KAY A ELLIASEN | RESIDENTIAL-TWO UNIT | $300,900 | 357 ft |
| 1824 PORTLAND AVE MINNEAPOLIS MN 55404 | CULLEN HOMES INC | RESIDENTIAL-TWO UNIT | $400,200 | 371 ft |