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.
4 permits on record since 2022 · $6K total declared value · Most recent: Jan 2026 (res)
Warners Stellian Co Inc
Boevaag Plumbing Inc
AMERICAN AIR SUPPLY INC
ASHTON MCGEE RESTORATION GROUP 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 3,740 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2105 24TH AVE S MINNEAPOLIS MN 55406 | P M FLECK & M M WEBER | RESIDENTIAL-TWO UNIT | $412,400 | 45 ft |
| 2023 24TH AVE S MINNEAPOLIS MN 55406 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 54 ft |
| 2015 24TH AVE S MINNEAPOLIS MN 55406 | J SUDDARD-BANGSUND & A MYERS | RESIDENTIAL | $363,900 | 99 ft |
| 2109 24TH AVE S MINNEAPOLIS MN 55406 | JOAN CAROL RAMER CHRASTEK | RESIDENTIAL | $440,000 | 108 ft |
| 2013 24TH AVE S MINNEAPOLIS MN 55406 | SAMUEL WENDLANDT | RESIDENTIAL | $280,900 | 132 ft |
| 2113 24TH AVE S MINNEAPOLIS MN 55406 | CITY OF MPLS | VACANT LAND-RESIDENTIAL | $0 | 161 ft |
| 2024 25TH AVE S MINNEAPOLIS MN 55406 | KATHARINE A WICKLATZ ET AL | RESIDENTIAL-TWO UNIT | $382,400 | 171 ft |
| 2100 25TH AVE S MINNEAPOLIS MN 55406 | SHAWN CLOYD/L BUTCHER CLOYD | APARTMENT | $477,000 | 172 ft |
| 2018 25TH AVE S MINNEAPOLIS MN 55406 | 2018 SEWARD HOUSE LLC | RESIDENTIAL-TWO UNIT | $378,800 | 179 ft |
| 2104 25TH AVE S MINNEAPOLIS MN 55406 | RAYMOND DIEP | APARTMENT | $425,000 | 182 ft |
Most Recent Sale
Current Tax Year