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 ↗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.
4 permits on record since 2019 · $12K total declared value · Most recent: Sep 2024 (misc)
Allied Construction Llc
CenterPoint Energy Resource Corp
HomeWorks Services LLC
Philip Deveney
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
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 3,985 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2224 16TH AVE S MINNEAPOLIS MN 55404 | XAVIER NAULA | RESIDENTIAL-TWO UNIT | $285,600 | 48 ft |
| 2216 16TH AVE S MINNEAPOLIS MN 55404 | MARIA TRANSITO JARA QUITO | RESIDENTIAL | $176,400 | 58 ft |
| 2300 16TH AVE S MINNEAPOLIS MN 55404 | SANGWIN LLC | RESIDENTIAL-TWO UNIT | $279,700 | 87 ft |
| 2208 16TH AVE S MINNEAPOLIS MN 55404 | SARAH GERARD FEARING | RESIDENTIAL-TWO UNIT | $304,600 | 115 ft |
| 2304 16TH AVE S MINNEAPOLIS MN 55404 | JESSICA HARPER | RESIDENTIAL-TWO UNIT | $238,600 | 125 ft |
| 2221 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | JOSIAH J OELERICH-VALENCIA | RESIDENTIAL-TWO UNIT | $416,100 | 134 ft |
| 2227 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | AVALON HOME INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $289,500 | 139 ft |
| 2219 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | A C QUEVEDO & E R ORTIZ | RESIDENTIAL | $132,900 | 140 ft |
| 2217 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | PHILLIPS REDESIGN LTD PTNRSP | LOW INCOME RENTAL | $287,100 | 151 ft |
| 2301 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | MOHAMMAD SADFER MOGHUL | RESIDENTIAL | $117,000 | 153 ft |
Most Recent Sale
Current Tax Year