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.
6 permits on record since 2002 · $135K total declared value · Most recent: Oct 2024 (res)
FIRESIDE HEARTH AND HOME
SODERLIN PLUMBING HEATING AND AIR
KAUFMAN SHEET METAL ROOFING INC
Standard Heating and Air Conditioning Inc
CONCEPT DESIGNS BUILDERS
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 2,085 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2315 22ND ST E MINNEAPOLIS MN 55406 | M LAFAVE & L LAFAVE | RESIDENTIAL | $398,300 | 41 ft |
| 2301 22ND ST E MINNEAPOLIS MN 55406 | JAMES M GRAHAM | RESIDENTIAL-TWO UNIT | $450,200 | 59 ft |
| 2211 23RD AVE S MINNEAPOLIS MN 55404 | MATTHEW DEVERY | RESIDENTIAL | $279,600 | 80 ft |
| 2317 22ND ST E MINNEAPOLIS MN 55406 | KATHLEEN REITAN | RESIDENTIAL | $299,800 | 109 ft |
| 2215 23RD AVE S MINNEAPOLIS MN 55404 | J C ZELLER ETAL TRUSTEES | RESIDENTIAL | $354,500 | 130 ft |
| 2300 22ND ST E MINNEAPOLIS MN 55406 | J & G SKUJINS | RESIDENTIAL | $432,000 | 153 ft |
| 2204 24TH AVE S MINNEAPOLIS MN 55406 | RAJIV K DHITAL | RESIDENTIAL | $391,200 | 155 ft |
| 2206 24TH AVE S MINNEAPOLIS MN 55406 | JORDAN PATRICK ERMER | RESIDENTIAL | $338,000 | 163 ft |
| 2210 24TH AVE S MINNEAPOLIS MN 55406 | J HAEFEMEYER & L S HOCH | RESIDENTIAL | $385,100 | 176 ft |
| 2217 23RD AVE S MINNEAPOLIS MN 55404 | PHILIP M VOXLAND | RESIDENTIAL | $369,700 | 182 ft |
Most Recent Sale
Current Tax Year