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 2024 · $75K total declared value · Most recent: Nov 2024 (remodel)
Mill City Building
Suburban Plumbing
MESPO HEATING AND COOLING 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 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 4,231 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2103 23RD AVE S MINNEAPOLIS MN 55404 | ERIC MELZER | RESIDENTIAL | $310,800 | 48 ft |
| 2017 23RD AVE S MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 56 ft |
| 2107 23RD AVE S MINNEAPOLIS MN 55404 | DARIUS CLARE/JONATHAN WOLF | RESIDENTIAL | $276,400 | 105 ft |
| 2111 23RD AVE S MINNEAPOLIS MN 55404 | RYAN REICHELDERFER | RESIDENTIAL | $277,700 | 152 ft |
| 2022 24TH AVE S MINNEAPOLIS MN 55406 | DORWEN W BISHOP | RESIDENTIAL-TWO UNIT | $388,300 | 173 ft |
| 2016 23RD AVE S MINNEAPOLIS MN 55404 | MIRIAM L KING | RESIDENTIAL | $215,200 | 175 ft |
| 2100 24TH AVE S MINNEAPOLIS MN 55406 | M PAVEK & A FARRELL | RESIDENTIAL | $457,200 | 175 ft |
| 2100 23RD AVE S MINNEAPOLIS MN 55404 | LIANE M BROMER | RESIDENTIAL | $203,000 | 177 ft |
| 2014 24TH AVE S MINNEAPOLIS MN 55406 | A P LAGESON & N E MUNVEZ | RESIDENTIAL | $398,200 | 184 ft |
| 2115 23RD AVE S MINNEAPOLIS MN 55404 | KATHERINE A MAIERS | RESIDENTIAL | $438,700 | 184 ft |
Most Recent Sale
Current Tax Year