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 2018 · $36K total declared value · Most recent: May 2023 (misc)
RENEWAL BY ANDERSEN CORP
Standard Heating and Air Conditioning Inc
UPTOWN PLUMBING HEATING AND COOLING
CenterPoint Energy Resource Corp
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 2,403 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2429 22ND ST E MINNEAPOLIS MN 55406 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 40 ft |
| 2421 22ND ST E MINNEAPOLIS MN 55406 | MARIA RUBINSTEIN | RESIDENTIAL-TWO UNIT | $388,700 | 40 ft |
| 2417 22ND ST E MINNEAPOLIS MN 55406 | BEVERLY A SAHIN | RESIDENTIAL | $280,600 | 80 ft |
| 2212 25TH AVE S MINNEAPOLIS MN 55406 | LYNN ELIZABETH MCMAHON | RESIDENTIAL | $299,300 | 83 ft |
| 2415 22ND ST E MINNEAPOLIS MN 55406 | R B MAKEEVER & L C BREITAG | RESIDENTIAL | $316,500 | 116 ft |
| 2216 25TH AVE S MINNEAPOLIS MN 55406 | M FERGUSON & S NELSON | RESIDENTIAL-TWO UNIT | $436,200 | 124 ft |
| 2220 25TH AVE S MINNEAPOLIS MN 55406 | L P ROVICK & B B SIMPSON | RESIDENTIAL | $403,100 | 163 ft |
| 2501 22ND ST E MINNEAPOLIS MN 55406 | CH OF GOD OF MPLS | COMMERCIAL-PREFERRED | $0 | 179 ft |
| 2405 22ND ST E MINNEAPOLIS MN 55406 | LLOYD I ARNTSEN | RESIDENTIAL | $361,600 | 199 ft |
| 2424 22ND ST E MINNEAPOLIS MN 55406 | TERRY L SWANSON | RESIDENTIAL-TWO UNIT | $360,300 | 200 ft |
Most Recent Sale
Current Tax Year