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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
No permits found in Minneapolis open data for this parcel.
Ventura Village · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 59.02
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 3,392 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2224 ELLIOT AVE MINNEAPOLIS MN 55404 | ANTONIO HERRERA | RESIDENTIAL | $262,000 | 43 ft |
| 2216 ELLIOT AVE MINNEAPOLIS MN 55404 | NELSON MOLINA | RESIDENTIAL-TWO UNIT | $410,000 | 46 ft |
| 2300 ELLIOT AVE MINNEAPOLIS MN 55404 | 2300 ELLIOT AVENUE LLC | LOW INCOME RENTAL | $486,000 | 86 ft |
| 2212 ELLIOT AVE MINNEAPOLIS MN 55404 | A MOHAMED & RUQUIA DUALE | RESIDENTIAL | $317,000 | 93 ft |
| 2304 ELLIOT AVE MINNEAPOLIS MN 55404 | LEM KING-MILLER ET AL | RESIDENTIAL-TWO UNIT | $388,200 | 129 ft |
| 2208 ELLIOT AVE MINNEAPOLIS MN 55404 | C R ALECKSON & D J ALECKSON | RESIDENTIAL | $256,000 | 142 ft |
| 2219 CHICAGO AVE MINNEAPOLIS MN 55404 | OUR SAVIOUR'S COMMUNITY SRVS | APARTMENT | $0 | 158 ft |
| 2301 CHICAGO AVE MINNEAPOLIS MN 55404 | OUR SAVIORS LUTHERAN CHURCH | COMMERCIAL-PREFERRED | $0 | 163 ft |
| 2308 ELLIOT AVE MINNEAPOLIS MN 55404 | OUR SAVIORS LUTHERAN CHURCH | RESIDENTIAL | $0 | 172 ft |
| 2305 CHICAGO AVE MINNEAPOLIS MN 55404 | NORMANDALE HOUSING CORP | TRIPLEX | $0 | 179 ft |
Most Recent Sale
Current Tax Year