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.
4 permits on record since 2009 · $439K total declared value · Most recent: Apr 2026 (roofwind)
Legacy X Construction
Water Heaters Now Inc
PAUL DAVIS RESTORATION OF GREATER ST PAUL
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 small multifamily (2–4 units, wood frame) benchmarks for 3,418 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2113 PORTLAND AVE MINNEAPOLIS MN 55404 | ST JOSEPHS HOPE COMMUNITY | VACANT LAND-RESIDENTIAL | $30,000 | 45 ft |
| 2109 PORTLAND AVE MINNEAPOLIS MN 55404 | HOPE BLK STABILIZN PHS I LLC | LOW INCOME RENTAL | $236,900 | 84 ft |
| 610 22ND ST E MINNEAPOLIS MN 55404 | CITY OF LAKES CMMNTY LND TR | — | $149,000 | 99 ft |
| 612 22ND ST E MINNEAPOLIS MN 55404 | CITY OF LAKES CMMNTY LND TR | — | $145,000 | 99 ft |
| 614 22ND ST E MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $149,000 | 99 ft |
| 2122 OAKLAND AVE MINNEAPOLIS MN 55404 | CITY OF LAKES COM LAND TRUST | CONDOMINIUM | $146,000 | 99 ft |
| 2124 OAKLAND AVE MINNEAPOLIS MN 55404 | HOPE COMMUNITY CT HMRS ASCN | COMMON AREA | $0 | 99 ft |
| MN | Unknown | — | — | 99 ft |
| 601 22ND ST E MINNEAPOLIS MN 55404 | ABDULKADIR A ABDI | CONDOMINIUM | $197,000 | 117 ft |
| 603 22ND ST E MINNEAPOLIS MN 55404 | W SUJJAPUNROJ/W SUJJAPUNROJ | CONDOMINIUM | $165,000 | 117 ft |
Current Tax Year