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 2018 · $70K total declared value · Most recent: Sep 2018 (remodel)
PETERSON CO INC
Kramer Mechanical Plumbing and Heating Inc
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
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 |
|---|---|---|---|---|
| 735 FRANKLIN AVE E MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS PK BOARD | VACANT LAND-RESIDENTIAL | $0 | 284 ft |
| 751 FRANKLIN AVE E MINNEAPOLIS MN 55404 | MPLS PARK BOARD | VACANT LAND-RESIDENTIAL | $0 | 346 ft |
| 722 FRANKLIN AVE E MINNEAPOLIS MN 55404 | COMMUNITY RE-ENTRY SVCS LLC | APARTMENT | $312,000 | 426 ft |
| 2101 CHICAGO AVE MINNEAPOLIS MN 55404 | LUTHERAN COLPORTAGE SERVICES | COMMERCIAL-PREFERRED | $0 | 428 ft |
| 726 FRANKLIN AVE E MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 431 ft |
| 720 FRANKLIN AVE E MINNEAPOLIS MN 55404 | COMMUNITY RE-ENTRY SVCS LLC | VACANT LAND-APARTMENT | $53,000 | 434 ft |
| 2107 CHICAGO AVE MINNEAPOLIS MN 55404 | V M A PASTRANA & S M ARCE | RESIDENTIAL-TWO UNIT | $105,800 | 440 ft |
| 2020 PARK AVE MINNEAPOLIS MN 55404 | RICHARD F VAN DOEREN ET AL | TRIPLEX | $406,000 | 445 ft |
| 2111 CHICAGO AVE MINNEAPOLIS MN 55404 | Q P LUU & F HSIU LUU | RESIDENTIAL-TWO UNIT | $292,800 | 466 ft |
| 2110 PARK AVE MINNEAPOLIS MN 55404 | 2110 PARK LLC | LOW INCOME RENTAL | $1,752,000 | 467 ft |
Current Tax Year