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.
5 permits on record since 2021 · $34K total declared value · Most recent: Aug 2025 (misc)
RIVERVIEW WINDOW INC
Ron the Sewer Rat Inc
ASPEN CONTRACTING INC
Home Energy Center Inc
NORTHERNS ONE HOUR HEATING AND AIR CONDITIONING
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 3,545 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2110 24TH AVE S MINNEAPOLIS MN 55406 | J ABRAHAMSON & D RUGGLES | RESIDENTIAL | $377,600 | 40 ft |
| 2104 24TH AVE S MINNEAPOLIS MN 55406 | JEANNE H MUGGE | CONDOMINIUM | $262,000 | 40 ft |
| 2104 24TH AVE S MINNEAPOLIS MN 55406 | A C JOHNSON & E B JOHNSON | CONDOMINIUM | $233,000 | 40 ft |
| MN | Unknown | — | — | 40 ft |
| 2100 24TH AVE S MINNEAPOLIS MN 55406 | M PAVEK & A FARRELL | RESIDENTIAL | $457,200 | 80 ft |
| 2114 24TH AVE S MINNEAPOLIS MN 55406 | M C JOHNSON & E L JOHNSON | RESIDENTIAL-TWO UNIT | $597,600 | 85 ft |
| 2022 24TH AVE S MINNEAPOLIS MN 55406 | DORWEN W BISHOP | RESIDENTIAL-TWO UNIT | $388,300 | 125 ft |
| 2122 24TH AVE S MINNEAPOLIS MN 55406 | J SIMONDS & L SIMSTROM | RESIDENTIAL-TWO UNIT | $514,600 | 160 ft |
| 2316 22ND ST E MINNEAPOLIS MN 55406 | NANCY HALVORSON | RESIDENTIAL | $244,000 | 161 ft |
| 2107 23RD AVE S MINNEAPOLIS MN 55404 | DARIUS CLARE/JONATHAN WOLF | RESIDENTIAL | $276,400 | 173 ft |
Most Recent Sale
Current Tax Year