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.
3 permits on record since 2021 · $110K total declared value · Most recent: May 2021 (existres)
Pronto Heating & Air Conditioning Inc
Rodrigo Bautista Medina
DEN-MARK PLUMBING 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 4,185 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2308 25TH AVE S MINNEAPOLIS MN 55406 | A H WELLE & A M APPLEBAUM | RESIDENTIAL | $453,500 | 40 ft |
| 2316 25TH AVE S MINNEAPOLIS MN 55406 | CASTLE WHITEHILL FAMILY TR | APARTMENT | $626,000 | 44 ft |
| 2304 25TH AVE S MINNEAPOLIS MN 55406 | MEBRAHTU Y WELDEABZGHI | RESIDENTIAL | $323,000 | 80 ft |
| 2320 25TH AVE S MINNEAPOLIS MN 55406 | K A HANSON RV TR/J L HANSON | RESIDENTIAL | $297,100 | 115 ft |
| 2300 25TH AVE S MINNEAPOLIS MN 55406 | JULIA S AYRES | RESIDENTIAL | $340,900 | 120 ft |
| 2418 24TH ST E MINNEAPOLIS MN 55406 | AARON BENJAMIN TOVO LIV TR | RESIDENTIAL | $346,200 | 132 ft |
| 2422 24TH ST E MINNEAPOLIS MN 55406 | J K MARCHAND & M R MARCHAND | RESIDENTIAL | $297,600 | 135 ft |
| 2414 24TH ST E MINNEAPOLIS MN 55406 | MELISSA S ZECK TRUST | RESIDENTIAL | $329,000 | 146 ft |
| 2220 25TH AVE S MINNEAPOLIS MN 55406 | L P ROVICK & B B SIMPSON | RESIDENTIAL | $403,100 | 160 ft |
| 2309 24TH AVE S MINNEAPOLIS MN 55406 | BCO FAMILY LLC | RESIDENTIAL-TWO UNIT | $358,300 | 166 ft |
Most Recent Sale
Current Tax Year