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.
No permits found in Minneapolis open data for this parcel.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1259
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 2,674 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2438 16TH AVE S MINNEAPOLIS MN 55404 | J E H VAIL & F R DIAZ | LOW INCOME RENTAL | $421,200 | 49 ft |
| 2446 16TH AVE S MINNEAPOLIS MN 55404 | C V ALVARDO & J J MORENO | RESIDENTIAL-TWO UNIT | $301,400 | 50 ft |
| 2432 16TH AVE S MINNEAPOLIS MN 55404 | VICTOR M ARIZA PASTRANA ETAL | VACANT LAND-RESIDENTIAL | $37,000 | 99 ft |
| 2445 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | SHARIA FUNDING LLC | COMMERCIAL-PREFERRED | $380,000 | 138 ft |
| 2428 16TH AVE S MINNEAPOLIS MN 55404 | MOHAMED ABDI & RAMLA HASSAN | RESIDENTIAL | $369,000 | 143 ft |
| 2441 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | SEM INVESTMENTS LLC | TRIPLEX | $542,000 | 144 ft |
| 2435 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | J J & M C GONSIOR | RESIDENTIAL | $243,400 | 167 ft |
| 2441 16TH AVE S MINNEAPOLIS MN 55404 | ZOUA HER & THENG PAO VANG | RESIDENTIAL | $380,000 | 183 ft |
| 2500 16TH AVE S MINNEAPOLIS MN 55404 | DAVID J ULVIN | APARTMENT | $435,000 | 185 ft |
| 2424 16TH AVE S MINNEAPOLIS MN 55404 | A W DAHIR & B AHMEDNUR | RESIDENTIAL | $342,000 | 188 ft |
Most Recent Sale
Current Tax Year