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 2022 · $24K total declared value · Most recent: Nov 2025 (existres)
4Front Energy Solutions Inc
REPAIR KING
Castro Plumbing and Construction LLC
Doston Holdings LLC
Lisa Qiu
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 1,523 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2408 22ND ST E MINNEAPOLIS MN 55406 | KEVIN R BROWN | RESIDENTIAL | $295,700 | 30 ft |
| 2414 22ND ST E MINNEAPOLIS MN 55406 | IAN B MCLAUGHLIN ET AL | RESIDENTIAL | $313,500 | 32 ft |
| 2404 22ND ST E MINNEAPOLIS MN 55406 | M J RICHMOND & K M MOEN | RESIDENTIAL-TWO UNIT | $379,800 | 60 ft |
| 2416 22ND ST E MINNEAPOLIS MN 55406 | T W WITT & M R PREUS | RESIDENTIAL-TWO UNIT | $391,700 | 68 ft |
| 2113 24TH AVE S MINNEAPOLIS MN 55406 | CITY OF MPLS | VACANT LAND-RESIDENTIAL | $0 | 84 ft |
| 2400 22ND ST E MINNEAPOLIS MN 55406 | KATHRYN A ROSEBEAR | RESIDENTIAL | $382,700 | 94 ft |
| 2422 22ND ST E MINNEAPOLIS MN 55406 | JESSICA L SHAYKETT | RESIDENTIAL | $395,900 | 108 ft |
| 2109 24TH AVE S MINNEAPOLIS MN 55406 | JOAN CAROL RAMER CHRASTEK | RESIDENTIAL | $440,000 | 130 ft |
| 2424 22ND ST E MINNEAPOLIS MN 55406 | TERRY L SWANSON | RESIDENTIAL-TWO UNIT | $360,300 | 148 ft |
| 2112 25TH AVE S MINNEAPOLIS MN 55406 | K M BROM & G T PALKOWSKI | RESIDENTIAL-TWO UNIT | $422,800 | 152 ft |
Most Recent Sale
Current Tax Year