Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 2017 · $22K total declared value · Most recent: Jun 2024 (misc)
ASPEN CONTRACTING INC
ASPEN CONTRACTING INC
ALL ENERGY SOLAR 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 4,249 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2304 27TH AVE S MINNEAPOLIS MN 55406 | S SEEMANN & J A ENGLISH | RESIDENTIAL-TWO UNIT | $414,400 | 47 ft |
| 2300 27TH AVE S MINNEAPOLIS MN 55406 | D & W ANDRE MED ASSET PRT TR | RESIDENTIAL | $318,000 | 94 ft |
| 2620 24TH ST E MINNEAPOLIS MN 55406 | RYMA SCOTT PARTNERS LLC | RESIDENTIAL-TWO UNIT | $408,800 | 100 ft |
| 2322 27TH AVE S MINNEAPOLIS MN 55406 | TIMOTHY/BARBARA FRIBERG R TR | TRIPLEX | $548,100 | 107 ft |
| 2616 24TH ST E MINNEAPOLIS MN 55406 | LADINO HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $460,100 | 117 ft |
| 2224 27TH AVE S MINNEAPOLIS MN 55406 | JOHN B AMUNDSON | RESIDENTIAL-TWO UNIT | $425,400 | 142 ft |
| 2612 24TH ST E MINNEAPOLIS MN 55406 | COLIN E CARPENTER | RESIDENTIAL | $195,000 | 144 ft |
| 2317 26TH AVE S MINNEAPOLIS MN 55406 | LISA D YANG | RESIDENTIAL-TWO UNIT | $412,000 | 167 ft |
| 2313 26TH AVE S MINNEAPOLIS MN 55406 | CANDEE KAATZ & DAVID B KAATZ | APARTMENT | $417,000 | 170 ft |
| 2608 24TH ST E MINNEAPOLIS MN 55406 | E ENGSTROM & J ENGSTROM | RESIDENTIAL-TWO UNIT | $415,700 | 175 ft |
Most Recent Sale
Current Tax Year