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 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 ↗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.
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 3 — medium-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 1,754 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 502 26TH ST E MINNEAPOLIS MN 55404 | R & E LILLO | APARTMENT | $576,000 | 41 ft |
| 2537 5TH AVE S MINNEAPOLIS MN 55404 | C ANDERSON/P PONCE-ANDERSON | RESIDENTIAL-TWO UNIT | $255,800 | 82 ft |
| 504 26TH ST E MINNEAPOLIS MN 55404 | L SKJEI & J B RYAN | APARTMENT | $714,000 | 83 ft |
| 2535 5TH AVE S MINNEAPOLIS MN 55404 | ZAKARIA MOHAMED | RESIDENTIAL-TWO UNIT | $217,200 | 110 ft |
| 418 26TH ST E MINNEAPOLIS MN 55404 | BISHARO AHMED ABDI | TRIPLEX | $436,500 | 116 ft |
| 2540 5TH AVE S MINNEAPOLIS MN 55404 | MARIA G CORTEZ LLAMAS | RESIDENTIAL | $267,000 | 154 ft |
| 2536 5TH AVE S MINNEAPOLIS MN 55404 | SHELLY R MOSMAN | RESIDENTIAL | $286,000 | 166 ft |
| 2546 PORTLAND AVE MINNEAPOLIS MN 55404 | GREGORY B NELSON | RESIDENTIAL | $898,000 | 169 ft |
| 2540 PORTLAND AVE MINNEAPOLIS MN 55404 | C A & M H TRUDELL TRUSTEES | APARTMENT | $549,000 | 169 ft |
| 2532 PORTLAND AVE MINNEAPOLIS MN 55404 | ROBERT STACHOWIAK | RESIDENTIAL-TWO UNIT | $210,800 | 182 ft |
Most Recent Sale
Current Tax Year