Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 2018 · $2K total declared value · Most recent: Oct 2018 (remodel)
AFFORDABLE EGRESS WINDOWS & BASEMENT WATERPROOFI
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 4,532 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2218 27TH AVE S MINNEAPOLIS MN 55406 | ANNAKA LARSON/ANDREW G TOLAN | RESIDENTIAL | $350,200 | 45 ft |
| 2224 27TH AVE S MINNEAPOLIS MN 55406 | JOHN B AMUNDSON | RESIDENTIAL-TWO UNIT | $425,400 | 50 ft |
| 2212 27TH AVE S MINNEAPOLIS MN 55406 | MARK SPENCER NELSON | RESIDENTIAL-TWO UNIT | $397,000 | 85 ft |
| 2300 27TH AVE S MINNEAPOLIS MN 55406 | D & W ANDRE MED ASSET PRT TR | RESIDENTIAL | $318,000 | 98 ft |
| 2208 27TH AVE S MINNEAPOLIS MN 55406 | E A LINDER & N JENSEN | RESIDENTIAL-TWO UNIT | $388,900 | 126 ft |
| 2304 27TH AVE S MINNEAPOLIS MN 55406 | S SEEMANN & J A ENGLISH | RESIDENTIAL-TWO UNIT | $414,400 | 144 ft |
| 2221 26TH AVE S MINNEAPOLIS MN 55406 | DAVID STARK/CHRISTINA STARK | RESIDENTIAL-TWO UNIT | $454,100 | 167 ft |
| 2301 26TH AVE S MINNEAPOLIS MN 55406 | DOUGLAS M SCHLEINZ | RESIDENTIAL-TWO UNIT | $425,500 | 171 ft |
| 2217 26TH AVE S MINNEAPOLIS MN 55406 | SEAN KWON | RESIDENTIAL-TWO UNIT | $401,300 | 172 ft |
| 2617 22ND ST E MINNEAPOLIS MN 55406 | KYLE CHRISTOPHER KLOEPPING | RESIDENTIAL | $350,200 | 176 ft |
Most Recent Sale
Current Tax Year