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 2021 · $81K total declared value · Most recent: Oct 2025 (accessory)
Jerome Hofer
VP CONSTRUCTION OF MINNESOTA
Heating and Cooling Design Inc
Barr Web Industries 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
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 1,996 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2316 24TH AVE S MINNEAPOLIS MN 55406 | ALYSSA BARNA/DANIEL PETERSON | RESIDENTIAL | $336,000 | 53 ft |
| 2312 24TH AVE S MINNEAPOLIS MN 55406 | J HOLM & J LACHOWSKY | RESIDENTIAL | $397,200 | 105 ft |
| 2400 24TH AVE S MINNEAPOLIS MN 55406 | DANIEL SLOTMAN/AMELIA ODENS | RESIDENTIAL | $338,000 | 136 ft |
| 2308 24TH AVE S MINNEAPOLIS MN 55406 | G R MILLER & R JAEGER-MILLER | RESIDENTIAL | $347,400 | 159 ft |
| 2313 24TH ST E MINNEAPOLIS MN 55406 | B Y ARCAND & A M TROSCHINETZ | RESIDENTIAL | $261,100 | 173 ft |
| 2306 24TH ST E MINNEAPOLIS MN 55406 | MILWAUKEE AV TOWNHOUSE ASSOC | LOW INCOME RENTAL | $671,000 | 175 ft |
| 2404 24TH AVE S MINNEAPOLIS MN 55406 | BLAINE GARRETT | RESIDENTIAL | $417,700 | 192 ft |
| 2309 24TH ST E MINNEAPOLIS MN 55406 | LOGAN CAMILLI | RESIDENTIAL | $299,900 | 198 ft |
| 2313 23RD AVE S MINNEAPOLIS MN 55404 | LISA CARLSON & PETER SCHULZE | RESIDENTIAL-TWO UNIT | $448,200 | 202 ft |
| 2304 24TH AVE S MINNEAPOLIS MN 55406 | C J NEVILLE & C I WAWRA | RESIDENTIAL | $387,900 | 213 ft |
Most Recent Sale
Current Tax Year