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 ↗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 ↗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 2018 · $16K total declared value · Most recent: Aug 2025 (addition)
Jose Chimborazo
VP CONSTRUCTION OF MINNESOTA
MARK D JOHANEK INCORPORATED DBA MARK OF ALL TRADES
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 3,445 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2624 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $339,000 | 46 ft |
| 2634 15TH AVE S MINNEAPOLIS MN 55407 | MANUEL ARMANDO SANTOS GUAMAN | RESIDENTIAL-TWO UNIT | $324,100 | 49 ft |
| 2620 15TH AVE S MINNEAPOLIS MN 55407 | HOLGER BUNAY | RESIDENTIAL | $215,200 | 87 ft |
| 2638 15TH AVE S MINNEAPOLIS MN 55407 | VICTOR TENECELA | RESIDENTIAL | $411,000 | 100 ft |
| 2616 15TH AVE S MINNEAPOLIS MN 55407 | MAXWELL L COLLYARD ET AL | RESIDENTIAL | $280,900 | 128 ft |
| 2629 14TH AVE S MINNEAPOLIS MN 55407 | SIYAD ABDI & LEYLA HASHI | RESIDENTIAL | $265,700 | 141 ft |
| 2631 14TH AVE S MINNEAPOLIS MN 55407 | JESSICA A CHICAIZA PLAZA | RESIDENTIAL-TWO UNIT | $278,600 | 143 ft |
| 2625 14TH AVE S MINNEAPOLIS MN 55407 | MADELYNN PETERSON | RESIDENTIAL | $269,400 | 148 ft |
| 2644 15TH AVE S MINNEAPOLIS MN 55407 | JORGE HERNANDEZ | RESIDENTIAL | $267,200 | 149 ft |
| 2635 14TH AVE S MINNEAPOLIS MN 55407 | TERRY & STACY J HIRSCHI | LOW INCOME RENTAL | $291,800 | 156 ft |
Most Recent Sale
Current Tax Year