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 the Franklin Avenue Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 2019 · $95K total declared value · Most recent: Dec 2023 (misc)
M AND R CONSTRUCTION LLC
ALI EGAL
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 3,513 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1012 21ST ST E MINNEAPOLIS MN 55404 | T HERNANDEZ & P CASTENEDA | RESIDENTIAL | $188,100 | 50 ft |
| 2018 11TH AVE S MINNEAPOLIS MN 55404 | STEVE MELDAHL | RESIDENTIAL | $117,000 | 58 ft |
| 1010 21ST ST E MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 99 ft |
| 1035 FRANKLIN AVE E MINNEAPOLIS MN 55404 | PPL ADMIN LLC | COMMERCIAL-PREFERRED | $0 | 123 ft |
| 1006 21ST ST E MINNEAPOLIS MN 55404 | JAIME FIGUEROA-MUNOZ | RESIDENTIAL-TWO UNIT | $240,300 | 137 ft |
| 1004 21ST ST E MINNEAPOLIS MN 55404 | BENJAMIN JOSEPH MARKER | RESIDENTIAL-TWO UNIT | $226,300 | 166 ft |
| 1019 21ST ST E MINNEAPOLIS MN 55404 | 1019 21ST STREET EAST LLC | LOW INCOME RENTAL | $395,000 | 188 ft |
| 1017 21ST ST E MINNEAPOLIS MN 55404 | JAMES E & JANET K GRAHAM | RESIDENTIAL-TWO UNIT | $287,500 | 193 ft |
| 1023 21ST ST E MINNEAPOLIS MN 55404 | JOSE A & ROSA H LLANGARI | RESIDENTIAL-TWO UNIT | $229,000 | 195 ft |
| 1015 21ST ST E MINNEAPOLIS MN 55404 | J E GRAHAM & J K GRAHAM | VACANT LAND-RESIDENTIAL | $7,000 | 200 ft |
Most Recent Sale
Current Tax Year