ParcelLens
Property Intelligence · Twin Cities
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Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 ↗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 2003 · $302K total declared value · Most recent: May 2022 (remodel)
RESTORATION PROFESSIONALS MN
Cities 1 Plumbing and Heating Inc
RESTORATION PROFESSIONALS MN
Associated Mechanical Contractors Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Phillips West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1260
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2300 PORTLAND AVE MINNEAPOLIS MN 55404 | JOSE F P QUIZHPI | APARTMENT | $527,000 | 72 ft |
| 2314 PORTLAND AVE MINNEAPOLIS MN 55404 | K MITCHELL & W MERZ | RESIDENTIAL-TWO UNIT | $338,000 | 72 ft |
| 2316 PORTLAND AVE MINNEAPOLIS MN 55404 | BRALEY HUFF TRUST | RESIDENTIAL | $260,000 | 114 ft |
| 2222 PORTLAND AVE MINNEAPOLIS MN 55404 | JOSE F P QUIZHPI | APARTMENT | $527,000 | 119 ft |
| 2309 5TH AVE S MINNEAPOLIS MN 55404 | MOLINA INVESTMENT GROUP LLC | VACANT LAND-RESIDENTIAL | $0 | 138 ft |
| 2305 5TH AVE S MINNEAPOLIS MN 55404 | MOLINA INVESTMENT GROUP LLC | VACANT LAND-RESIDENTIAL | $0 | 138 ft |
| 2320 PORTLAND AVE MINNEAPOLIS MN 55404 | S N BROOKS & HOLLY M BROOKS | RESIDENTIAL | $289,000 | 149 ft |
| 2315 5TH AVE S MINNEAPOLIS MN 55404 | GREGORY HAROLD WALSH | VACANT LAND-RESIDENTIAL | $15,000 | 150 ft |
| 2301 5TH AVE S MINNEAPOLIS MN 55404 | HENN CTY 55404 2301 5TH AV S | RESIDENTIAL-TWO UNIT | $406,700 | 153 ft |
| 508 24TH ST E MINNEAPOLIS MN 55404 | SUSAN HAAS & MICHAEL SOMMERS | APARTMENT | $588,000 | 162 ft |
Most Recent Sale
Current Tax Year