Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 ↗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 2023 · $45K total declared value · Most recent: Mar 2025 (remodel)
Kingfisher Construction
CenterPoint Energy Resource Corp
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 1060
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 1 — low-density mixed 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 3-story wood frame (5–12 units) benchmarks for 3,865 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2313 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | MARGITO SANMARTIN | RESIDENTIAL | $115,000 | 43 ft |
| 2303 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | SALEEM COLLINS | RESIDENTIAL-TWO UNIT | $297,600 | 58 ft |
| 2315 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | PHILLIPS REDESIGN LTD PTNRSP | LOW INCOME RENTAL | $402,200 | 82 ft |
| 2301 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | MOHAMMAD SADFER MOGHUL | RESIDENTIAL | $117,000 | 101 ft |
| 1526 24TH ST E MINNEAPOLIS MN 55404 | K S HAMMONDS & L A HAMMONDS | RESIDENTIAL-TWO UNIT | $243,800 | 121 ft |
| 2321 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | K S HAMMONDS & L A HAMMONDS | VACANT LAND-RESIDENTIAL | $4,500 | 130 ft |
| 2308 16TH AVE S MINNEAPOLIS MN 55404 | JESSICA HARPER | VACANT LAND-RESIDENTIAL | $14,000 | 135 ft |
| 2310 16TH AVE S MINNEAPOLIS MN 55404 | PATRICK & KATHLEEN J STARR | RESIDENTIAL | $149,400 | 135 ft |
| 2227 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | AVALON HOME INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $289,500 | 137 ft |
| 2312 16TH AVE S MINNEAPOLIS MN 55404 | CASSANDRA M NELSON | RESIDENTIAL-TWO UNIT | $254,800 | 140 ft |
Most Recent Sale
Current Tax Year