Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
1 permit on record since 2023 · $13K total declared value · Most recent: Feb 2023 (commfdrr)
NORTHERN AIR CORP
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
East Phillips · 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
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1531 24TH ST E MINNEAPOLIS MN 55404 | FRANKLIN STATION TWNHS ASSN | COMMON AREA | $0 | 107 ft |
| 2421 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | CENTER SCHOOL INC | COMMERCIAL-PREFERRED | $0 | 121 ft |
| 1527 24TH ST E MINNEAPOLIS MN 55404 | ZAHRA DIRIE | TOWNHOUSE | $266,400 | 122 ft |
| 1529 24TH ST E MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $263,200 | 126 ft |
| 1531 24TH ST E MINNEAPOLIS MN 55404 | D AMANTE & B BULTUM | TOWNHOUSE | $277,100 | 132 ft |
| 2412 16TH AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 147 ft |
| 1533 24TH ST E MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAN TR | — | $275,000 | 148 ft |
| 1535 24TH ST E MINNEAPOLIS MN 55404 | T R BALCHA & G B GIBE | TOWNHOUSE | $269,600 | 161 ft |
| 2418 16TH AVE S MINNEAPOLIS MN 55404 | NOE ARREGUIN | RESIDENTIAL-TWO UNIT | $144,400 | 164 ft |
| 2427 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | CENTER SCHOOL INC | VACANT LAND-RESIDENTIAL | $29,000 | 165 ft |