Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 2017 · $4K total declared value · Most recent: Aug 2025 (existres)
Standard Heating and Air Conditioning Inc
Linn Star Transfer Inc
MON-RAY INC
KAUFMAN SHEET METAL ROOFING INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Seward · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1062
Zip code 55406
Source: Redfin Data Center (Invalid Date) · Zip 55406
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 3,399 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2212 27TH AVE S MINNEAPOLIS MN 55406 | MARK SPENCER NELSON | RESIDENTIAL-TWO UNIT | $397,000 | 40 ft |
| 2220 27TH AVE S MINNEAPOLIS MN 55406 | CHEMBERLIN GREENAWALT JT TR | TRIPLEX | $430,400 | 45 ft |
| 2208 27TH AVE S MINNEAPOLIS MN 55406 | E A LINDER & N JENSEN | RESIDENTIAL-TWO UNIT | $388,900 | 82 ft |
| 2224 27TH AVE S MINNEAPOLIS MN 55406 | JOHN B AMUNDSON | RESIDENTIAL-TWO UNIT | $425,400 | 95 ft |
| 2617 22ND ST E MINNEAPOLIS MN 55406 | KYLE CHRISTOPHER KLOEPPING | RESIDENTIAL | $350,200 | 135 ft |
| 2623 22ND ST E MINNEAPOLIS MN 55406 | N K SMITH & N S SMITH | RESIDENTIAL | $255,600 | 142 ft |
| 2300 27TH AVE S MINNEAPOLIS MN 55406 | D & W ANDRE MED ASSET PRT TR | RESIDENTIAL | $318,000 | 143 ft |
| 2200 27TH AVE S MINNEAPOLIS MN 55406 | JANICE M ANDERSON | RESIDENTIAL | $341,400 | 145 ft |
| 2615 22ND ST E MINNEAPOLIS MN 55406 | G L KUMAGAI & S L SAVITT | RESIDENTIAL-TWO UNIT | $380,600 | 158 ft |
| 2217 26TH AVE S MINNEAPOLIS MN 55406 | SEAN KWON | RESIDENTIAL-TWO UNIT | $401,300 | 167 ft |
Most Recent Sale
Current Tax Year