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.
7 permits on record since 2017 · $12K total declared value · Most recent: Oct 2023 (misc)
PROMINENT CONSTRUCTION LLC
Centraire Heating & Air Conditioning LLC
Weld and Sons Plumbing Inc
CenterPoint Energy Resource Corp
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 4,172 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2305 24TH AVE S MINNEAPOLIS MN 55406 | LEXY VON DIEZMANN/LIAM CLARK | RESIDENTIAL | $364,500 | 55 ft |
| 2315 24TH AVE S MINNEAPOLIS MN 55406 | S A MORSE & R A MORSE | RESIDENTIAL | $499,000 | 56 ft |
| 2301 24TH AVE S MINNEAPOLIS MN 55406 | A K BELAI & A K BELAI | RESIDENTIAL | $318,000 | 105 ft |
| 2317 24TH AVE S MINNEAPOLIS MN 55406 | CYNTHIA R PRATT | RESIDENTIAL | $339,500 | 108 ft |
| 2219 24TH AVE S MINNEAPOLIS MN 55406 | H HAUGE & K R RICHARDSON | RESIDENTIAL-TWO UNIT | $255,900 | 143 ft |
| 2414 24TH ST E MINNEAPOLIS MN 55406 | MELISSA S ZECK TRUST | RESIDENTIAL | $329,000 | 161 ft |
| 2321 24TH AVE S MINNEAPOLIS MN 55406 | M M FORBES & A M JAVUREK | RESIDENTIAL | $340,100 | 161 ft |
| 2312 25TH AVE S MINNEAPOLIS MN 55406 | R B MEDINA & G RUBENSTEIN | RESIDENTIAL-TWO UNIT | $457,800 | 166 ft |
| 2316 25TH AVE S MINNEAPOLIS MN 55406 | CASTLE WHITEHILL FAMILY TR | APARTMENT | $626,000 | 169 ft |
| 2217 24TH AVE S MINNEAPOLIS MN 55406 | HANS K HAUGE | RESIDENTIAL | $231,000 | 169 ft |
Most Recent Sale
Current Tax Year