Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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.
2 permits on record since 2018 · $2K total declared value · Most recent: Feb 2026 (existres)
Ray N Welter Heating Co
Belgie Yimer
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
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 2,476 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2221 11TH AVE S MINNEAPOLIS MN 55404 | RUDY MO MONOPOLY R/E LLC | RESIDENTIAL-ZERO LOT LINE | $254,500 | 33 ft |
| 2215 11TH AVE S MINNEAPOLIS MN 55404 | KAFI BARRE & AHMED ABDI | RESIDENTIAL-ZERO LOT LINE | $252,200 | 33 ft |
| 2211 11TH AVE S MINNEAPOLIS MN 55404 | ASHA ARNEJA | RESIDENTIAL-ZERO LOT LINE | $242,700 | 66 ft |
| 2223 11TH AVE S MINNEAPOLIS MN 55404 | D B PAUL & M K PAUL | RESIDENTIAL-ZERO LOT LINE | $250,500 | 67 ft |
| 2209 11TH AVE S MINNEAPOLIS MN 55404 | A R QUINTANA & J B A PONCE | RESIDENTIAL-ZERO LOT LINE | $323,200 | 99 ft |
| 2301 11TH AVE S MINNEAPOLIS MN 55404 | DAVID HODGES | RESIDENTIAL-ZERO LOT LINE | $252,400 | 100 ft |
| 2223 12TH AVE S MINNEAPOLIS MN 55404 | T D F BERZAT ETAL SUBJ/LE | RESIDENTIAL-ZERO LOT LINE | $252,300 | 109 ft |
| 2303 11TH AVE S MINNEAPOLIS MN 55404 | JACOB PROPERTIES CORPORATION | RESIDENTIAL-ZERO LOT LINE | $257,500 | 133 ft |
| 1103 22ND ST E MINNEAPOLIS MN 55404 | M J TONG & C E TONG | RESIDENTIAL-ZERO LOT LINE | $231,900 | 166 ft |
| 2221 12TH AVE S MINNEAPOLIS MN 55404 | M A POINDEXTER & M A CARTER | RESIDENTIAL-ZERO LOT LINE | $221,300 | 168 ft |
Most Recent Sale
Current Tax Year