Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the Minneapolis South Green Zone — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green 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.
1 permit on record since 2024 · $12K total declared value · Most recent: Oct 2024 (misc)
MINNESOTA EXTERIORS 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 2,343 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2015 24TH AVE S MINNEAPOLIS MN 55406 | J SUDDARD-BANGSUND & A MYERS | RESIDENTIAL | $363,900 | 34 ft |
| 2023 24TH AVE S MINNEAPOLIS MN 55406 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 78 ft |
| 2401 FRANKLIN AVE E MINNEAPOLIS MN 55406 | DR SIRAK A HAILU | COMMERCIAL-PREFERRED | $343,000 | 102 ft |
| 2101 24TH AVE S MINNEAPOLIS MN 55406 | MARK M HUSTEDDE | RESIDENTIAL-TWO UNIT | $395,900 | 132 ft |
| 2425 FRANKLIN AVE E MINNEAPOLIS MN 55406 | DAVID LEAHY | CONDOMINIUM | $117,000 | 144 ft |
| 2425 FRANKLIN AVE E MINNEAPOLIS MN 55406 | DAVID LEAHY | CONDOMINIUM | $149,000 | 144 ft |
| 2425 FRANKLIN AVE E MINNEAPOLIS MN 55406 | LONGFELLOW ASSOC LTD PARTNER | COMMERCIAL-PREFERRED | $1,014,900 | 144 ft |
| 2425 FRANKLIN AVE E MINNEAPOLIS MN 55406 | DECOURCY SQUIRE | CONDOMINIUM | $160,000 | 144 ft |
| 2425 FRANKLIN AVE E MINNEAPOLIS MN 55406 | ADAM N KAPLAN | CONDOMINIUM | $160,000 | 144 ft |
| 2425 FRANKLIN AVE E MINNEAPOLIS MN 55406 | ELIZABETH TIGABU MELESA | CONDOMINIUM | $162,000 | 144 ft |
Most Recent Sale
Current Tax Year