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.
5 permits on record since 2018 · $62K total declared value · Most recent: Sep 2025 (misc)
MERIDIAN PROPERTIES LLC
GAVIOTA CONSTRUCTION INC
GAVIOTA CONSTRUCTION INC
CenterPoint Energy Resource Corp
Marie M Labrie
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 3,400 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2015 26TH AVE S MINNEAPOLIS MN 55406 | G M BARTER/C T HIGGINS ET AL | RESIDENTIAL-TWO UNIT | $392,100 | 40 ft |
| 2025 26TH AVE S MINNEAPOLIS MN 55406 | MATTHEW E STENERSON | RESIDENTIAL-TWO UNIT | $340,800 | 40 ft |
| 2101 26TH AVE S MINNEAPOLIS MN 55406 | ERICK M BIARD | RESIDENTIAL-TWO UNIT | $455,600 | 80 ft |
| 2105 26TH AVE S MINNEAPOLIS MN 55406 | M I ASP & M J RUSSELL | RESIDENTIAL | $399,300 | 120 ft |
| 2109 26TH AVE S MINNEAPOLIS MN 55406 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 160 ft |
| 2020 27TH AVE S MINNEAPOLIS MN 55406 | R BLUMENSHINE & M VAN BOEKEL | RESIDENTIAL | $500,800 | 167 ft |
| 2016 27TH AVE S MINNEAPOLIS MN 55406 | ARLENE K INNMON | RESIDENTIAL | $313,700 | 172 ft |
| 2609 FRANKLIN AVE E MINNEAPOLIS MN 55406 | NATIFS HOLDINGS LLC | LAND-COMMERCIAL | $90,300 | 177 ft |
| 2601 FRANKLIN AVE E MINNEAPOLIS MN 55406 | NATIFS HOLDINGS LLC | COMMERCIAL-PREFERRED | $1,998,000 | 179 ft |
| 2100 27TH AVE S MINNEAPOLIS MN 55406 | SIMPLE LIVING LLC | TRIPLEX | $505,500 | 180 ft |
Most Recent Sale
Current Tax Year