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.
3 permits on record since 2006 · $2.6M total declared value · Most recent: Oct 2007 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1260
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 3 — higher-density mixed residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2318 PARK AVE MINNEAPOLIS MN 55404 | ABSA PROPERTIES LLC | COMMERCIAL-PREFERRED | $1,640,000 | 148 ft |
| 2222 PARK AVE MINNEAPOLIS MN 55404 | NURUL-IMAN INSTITUTE | COMMERCIAL-PREFERRED | $262,900 | 151 ft |
| 2226 OAKLAND AVE MINNEAPOLIS MN 55404 | NEW AMERICAN DEVELOPMNT CTR | LAND-COMMERCIAL | $0 | 242 ft |
| 2222 OAKLAND AVE MINNEAPOLIS MN 55404 | NEW AMERICAN DEVELOPMNT CTR | LAND-COMMERCIAL | $0 | 252 ft |
| 2207 OAKLAND AVE MINNEAPOLIS MN 55404 | STALLION PROPERTIES LLC | VACANT LAND-APARTMENT | $31,400 | 264 ft |
| 2218 OAKLAND AVE MINNEAPOLIS MN 55404 | CARLOS VICENTE ROSALES | RESIDENTIAL-TWO UNIT | $190,500 | 265 ft |
| 620 24TH ST E MINNEAPOLIS MN 55404 | ABDI PROPERTY LLC | RESIDENTIAL-TWO UNIT | $665,700 | 273 ft |
| 2216 OAKLAND AVE MINNEAPOLIS MN 55404 | CARLOS ROSALES | RESIDENTIAL-TWO UNIT | $191,000 | 274 ft |
| 2200 PARK AVE MINNEAPOLIS MN 55404 | STALLION PROPERTIES LLC | APARTMENT | $1,555,900 | 292 ft |
| 2210 OAKLAND AVE MINNEAPOLIS MN 55404 | CHAFIC EL AMATOURY | APARTMENT | $556,000 | 295 ft |
Most Recent Sale
Current Tax Year