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.
1 permit on record since 2024 · $800 total declared value · Most recent: Feb 2024 (commfdrr)
Armstrong Plumbing LLC
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3,281 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2213 5TH AVE S MINNEAPOLIS MN 55404 | PHILLIPS REDESIGN LTD PTNRSP | LOW INCOME RENTAL | $862,000 | 87 ft |
| 2123 5TH AVE S MINNEAPOLIS MN 55404 | JINGHAN QU | RESIDENTIAL-TWO UNIT | $248,900 | 129 ft |
| 2200 PORTLAND AVE MINNEAPOLIS MN 55404 | ATM PROPERTIES LLC | LOW INCOME RENTAL | $398,900 | 136 ft |
| 2206 PORTLAND AVE MINNEAPOLIS MN 55404 | D C VOIGHT & S MITCHELL | RESIDENTIAL | $189,600 | 143 ft |
| 2217 5TH AVE S MINNEAPOLIS MN 55404 | JOSE F GONZALES DELGADO | RESIDENTIAL-TWO UNIT | $255,000 | 164 ft |
| 2208 PORTLAND AVE MINNEAPOLIS MN 55404 | AVINASH PULCHAN | RESIDENTIAL-TWO UNIT | $319,600 | 164 ft |
| 2117 5TH AVE S MINNEAPOLIS MN 55404 | MAX P ZELAYARAN | VACANT LAND-RESIDENTIAL | $44,000 | 176 ft |
| 2122 PORTLAND AVE MINNEAPOLIS MN 55404 | C A PATINO & L I PATINO | RESIDENTIAL-TWO UNIT | $455,500 | 188 ft |
| 2214 PORTLAND AVE MINNEAPOLIS MN 55404 | JOEL POUALEU | APARTMENT | $326,000 | 195 ft |
| 2219 5TH AVE S MINNEAPOLIS MN 55404 | MADISON AVE HOMES LLC | LOW INCOME RENTAL | $233,000 | 196 ft |
Most Recent Sale
Current Tax Year