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 ↗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.
2 permits on record since 2023 · $22K total declared value · Most recent: Aug 2024 (misc)
Four Brothers Construction LLC
Eric Fernandez
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 59.02
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 sfr / adu benchmarks for 1,099 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 821 22ND ST E MINNEAPOLIS MN 55404 | T P ADAM & M E ADAM | RESIDENTIAL | $252,900 | 50 ft |
| 2208 ELLIOT AVE MINNEAPOLIS MN 55404 | C R ALECKSON & D J ALECKSON | RESIDENTIAL | $256,000 | 54 ft |
| 817 22ND ST E MINNEAPOLIS MN 55404 | SHELLEY R SOLIN | RESIDENTIAL | $218,100 | 56 ft |
| 813 22ND ST E MINNEAPOLIS MN 55404 | M N WIRSING & A E WIRSING | RESIDENTIAL | $274,000 | 88 ft |
| 2212 ELLIOT AVE MINNEAPOLIS MN 55404 | A MOHAMED & RUQUIA DUALE | RESIDENTIAL | $317,000 | 96 ft |
| 2216 ELLIOT AVE MINNEAPOLIS MN 55404 | NELSON MOLINA | RESIDENTIAL-TWO UNIT | $410,000 | 142 ft |
| 2205 ELLIOT AVE MINNEAPOLIS MN 55404 | JOSE F GONZALEZ DELGADO | RESIDENTIAL-TWO UNIT | $376,700 | 164 ft |
| 2122 ELLIOT AVE MINNEAPOLIS MN 55404 | MARY E ADAM/THORBJORN P ADAM | RESIDENTIAL | $283,000 | 165 ft |
| 2201 ELLIOT AVE MINNEAPOLIS MN 55404 | J P L GOMEZ & J M C CABRERA | RESIDENTIAL-TWO UNIT | $371,500 | 173 ft |
| 2220 ELLIOT AVE MINNEAPOLIS MN 55404 | C J PHILIPPI & K M PHILIPPI | APARTMENT | $549,000 | 187 ft |
Most Recent Sale
Current Tax Year