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.
3 permits on record since 2019 · $181K total declared value · Most recent: Jul 2024 (roofwind)
ADVANCED DESIGN CONTRACTING LLC
BUILDING RESTORATION CORP
Sprint c/o Sac Wireless
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2211 15TH AVE S MINNEAPOLIS MN 55404 | ANBASSA BUKULA | RESIDENTIAL | $130,000 | 229 ft |
| 2221 15TH AVE S MINNEAPOLIS MN 55404 | STARVIEW PROPERTY LLC LTD | APARTMENT | $412,000 | 235 ft |
| 2220 14TH AVE S MINNEAPOLIS MN 55404 | RIVERLINE CORPORATION | APARTMENT | $576,000 | 235 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | MN IND WOMENS RESOURCE CTR | COMMERCIAL-PREFERRED | $0 | 243 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | MN IND WOMENS HOUSING LP | APARTMENT | $1,149,000 | 243 ft |
| MN | Unknown | — | — | 243 ft |
| 1501 22ND ST E MINNEAPOLIS MN 55404 | ANBASSA BUKULA | APARTMENT | $614,000 | 246 ft |
| 1323 22ND ST E MINNEAPOLIS MN 55404 | JACOB PROPERTIES CORPORATION | APARTMENT | $1,319,000 | 265 ft |
| 1410 22ND ST E MINNEAPOLIS MN 55404 | DAVID B PICKERING SR ET AL | RESIDENTIAL | $189,700 | 271 ft |
| 1408 22ND ST E MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TR | — | $526,400 | 276 ft |
Current Tax Year