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 ↗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.
7 permits on record since 2017 · $79K total declared value · Most recent: Feb 2025 (misc)
24 RESTORE
Juan Carchi Quito
CenterPoint Energy Resource Corp
Barr Web Industries Inc
Barr Web Industries Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Midtown Phillips · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1258
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 2,513 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2415 15TH AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 39 ft |
| 2405 15TH AVE S MINNEAPOLIS MN 55404 | TOU C VANG | RESIDENTIAL | $318,000 | 43 ft |
| 2417 15TH AVE S MINNEAPOLIS MN 55404 | MARK PAYNE | RESIDENTIAL | $242,900 | 78 ft |
| 2401 15TH AVE S MINNEAPOLIS MN 55404 | DENISE J VELASCO | RESIDENTIAL | $278,000 | 92 ft |
| 2421 15TH AVE S MINNEAPOLIS MN 55404 | CARINA S CORTEZ | RESIDENTIAL-TWO UNIT | $376,800 | 116 ft |
| 2412 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | MICHAEL J SEEKAMP ET AL | RESIDENTIAL | $171,000 | 144 ft |
| 2400 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | BII DI GAIN DASH ANWEBI HSG | LOW INCOME RENTAL | $2,196,000 | 153 ft |
| 2416 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | JINGHAN QU | RESIDENTIAL-ZERO LOT LINE | $177,800 | 160 ft |
| 2423 15TH AVE S MINNEAPOLIS MN 55404 | BETTY JEAN JOHNSON | RESIDENTIAL | $234,000 | 164 ft |
| 2418 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | J QU & H ZHANG | RESIDENTIAL-ZERO LOT LINE | $257,100 | 174 ft |
Most Recent Sale
Current Tax Year