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 ↗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.
4 permits on record since 2020 · Most recent: May 2026 (res)
ACS Logistics Holdings LLC
Ray N Welter Heating Co
Ray N Welter Heating Co
CHAMPION PLUMBING LLC
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 2,677 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2418 24TH ST E MINNEAPOLIS MN 55406 | AARON BENJAMIN TOVO LIV TR | RESIDENTIAL | $346,200 | 40 ft |
| 2426 24TH ST E MINNEAPOLIS MN 55406 | STUART ADAM RONKAINEN | RESIDENTIAL | $375,700 | 46 ft |
| 2320 25TH AVE S MINNEAPOLIS MN 55406 | K A HANSON RV TR/J L HANSON | RESIDENTIAL | $297,100 | 57 ft |
| 2414 24TH ST E MINNEAPOLIS MN 55406 | MELISSA S ZECK TRUST | RESIDENTIAL | $329,000 | 90 ft |
| 2316 25TH AVE S MINNEAPOLIS MN 55406 | CASTLE WHITEHILL FAMILY TR | APARTMENT | $626,000 | 93 ft |
| 2312 25TH AVE S MINNEAPOLIS MN 55406 | R B MEDINA & G RUBENSTEIN | RESIDENTIAL-TWO UNIT | $457,800 | 135 ft |
| 2500 24TH ST E MINNEAPOLIS MN 55406 | MIRANDA DAVIDSON | RESIDENTIAL-TWO UNIT | $331,000 | 161 ft |
| 2321 25TH AVE S MINNEAPOLIS MN 55406 | DELMON INVESTMENTS LLC | RESIDENTIAL | $194,800 | 163 ft |
| 2308 25TH AVE S MINNEAPOLIS MN 55406 | A H WELLE & A M APPLEBAUM | RESIDENTIAL | $453,500 | 174 ft |
| 2317 24TH AVE S MINNEAPOLIS MN 55406 | CYNTHIA R PRATT | RESIDENTIAL | $339,500 | 195 ft |
Most Recent Sale
Current Tax Year