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.
1 permit on record since 2006 · $245K total declared value · Most recent: Jun 2006 (building re-inspection)
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 32,187 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| MN | Unknown | — | — | 0 ft |
| 1316 24TH ST E MINNEAPOLIS MN 55404 | INDIAN HEALTH BOARD MPLS INC | VACANT LAND-RESIDENTIAL | $0 | 107 ft |
| 1400 24TH ST E MINNEAPOLIS MN 55404 | RIVERLINE CORPORATION | RESIDENTIAL | $274,000 | 163 ft |
| 2313 13TH AVE S MINNEAPOLIS MN 55404 | INDIGENOUS PEOPLES TSK FORCE | VACANT LAND-RESIDENTIAL | $0 | 165 ft |
| 1404 24TH ST E MINNEAPOLIS MN 55404 | BASHIR EYOW & HAWO HUSSEIN | RESIDENTIAL | $235,000 | 210 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | MN IND WOMENS RESOURCE CTR | COMMERCIAL-PREFERRED | $0 | 241 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | MN IND WOMENS HOUSING LP | APARTMENT | $1,149,000 | 241 ft |
| MN | Unknown | — | — | 241 ft |
| 2220 14TH AVE S MINNEAPOLIS MN 55404 | RIVERLINE CORPORATION | APARTMENT | $576,000 | 246 ft |
| 1318 23RD ST E MINNEAPOLIS MN 55404 | ESPIRIT GUTIERREZ ORTEGA | RESIDENTIAL | $158,000 | 249 ft |
Current Tax Year