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 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 ↗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.
1 permit on record since 2008 · $60K total declared value · Most recent: Dec 2008 (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 1258
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 2,732 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2621 15TH AVE S MINNEAPOLIS MN 55407 | W S BATSON & M M BATSON | RESIDENTIAL | $248,600 | 42 ft |
| 2629 15TH AVE S MINNEAPOLIS MN 55407 | G A C MESTIZO | RESIDENTIAL | $214,900 | 43 ft |
| 2617 15TH AVE S MINNEAPOLIS MN 55407 | G A ROSAS & E B ORTEGA | RESIDENTIAL | $219,500 | 83 ft |
| 2633 15TH AVE S MINNEAPOLIS MN 55407 | LUIS EMIGDIO ROMERO NARANJO | RESIDENTIAL-TWO UNIT | $324,700 | 84 ft |
| 2615 15TH AVE S MINNEAPOLIS MN 55407 | MAXIMINO CRUZ | RESIDENTIAL | $198,000 | 124 ft |
| 2637 15TH AVE S MINNEAPOLIS MN 55407 | A L JOHNSON & J G BITHER | RESIDENTIAL | $433,000 | 126 ft |
| 2626 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ROMEL G OJEDA BERNAL | RESIDENTIAL-TWO UNIT | $240,600 | 136 ft |
| 2628 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | L A CARPIO & INES M CARPIO | TRIPLEX | $388,700 | 142 ft |
| 2620 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JOSE FERNANDO GONZALEZ | RESIDENTIAL-TWO UNIT | $267,100 | 142 ft |
| 2632 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | RESIDENTIAL-TWO UNIT | $0 | 159 ft |
Most Recent Sale
Current Tax Year