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 2020 · $2K total declared value · Most recent: Sep 2022 (res)
Erik Nelson Plumbing LLC
THE HOME DEPOT
Erik Nelson 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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 2,456 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2322 22ND AVE S MINNEAPOLIS MN 55404 | ROY W CATO & NANCY J SCHULTZ | RESIDENTIAL | $259,300 | 56 ft |
| 2312 22ND AVE S MINNEAPOLIS MN 55404 | THERESA F NELSON | RESIDENTIAL | $210,100 | 66 ft |
| 2104 24TH ST E MINNEAPOLIS MN 55404 | ZAYNIA ABDI & YUSUF AHMED | RESIDENTIAL | $324,000 | 114 ft |
| 2308 22ND AVE S MINNEAPOLIS MN 55404 | G W HESSER & N P HOMANS | RESIDENTIAL | $420,500 | 116 ft |
| 2321 MINNEHAHA AVE MINNEAPOLIS MN 55404 | G D & M LUNDQUIST | RESIDENTIAL | $366,200 | 127 ft |
| 2200 24TH ST E MINNEAPOLIS MN 55404 | T J LUSK/M HOCHSTETTLER ETAL | RESIDENTIAL | $266,600 | 159 ft |
| 2304 22ND AVE S MINNEAPOLIS MN 55404 | ROSA H X CARROLL | RESIDENTIAL | $369,300 | 166 ft |
| 2317 22ND AVE S MINNEAPOLIS MN 55404 | K PARRA & C CANO-GARNION | RESIDENTIAL-TWO UNIT | $324,200 | 171 ft |
| 2313 MINNEHAHA AVE MINNEAPOLIS MN 55404 | D GHEBREMICHAEL-TESFU ET AL | RESIDENTIAL | $285,000 | 176 ft |
| 2315 22ND AVE S MINNEAPOLIS MN 55404 | THUY TRAN | RESIDENTIAL-TWO UNIT | $327,400 | 177 ft |
Most Recent Sale
Current Tax Year