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 ↗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 ↗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.
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.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,884 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2513 5TH AVE S MINNEAPOLIS MN 55404 | CECILIA A PELAEZ | RESIDENTIAL | $229,800 | 41 ft |
| 2505 5TH AVE S MINNEAPOLIS MN 55404 | KHEYR INVESTMENTS LLC | COMMERCIAL-PREFERRED | $680,000 | 52 ft |
| 2517 5TH AVE S MINNEAPOLIS MN 55404 | GOLDEN GOPHER PROPERTIES LLC | RESIDENTIAL | $192,100 | 80 ft |
| 2501 5TH AVE S MINNEAPOLIS MN 55404 | A G VELASCO & J V AMBROS | RESIDENTIAL | $409,000 | 108 ft |
| 2508 PORTLAND AVE MINNEAPOLIS MN 55404 | STEVEN JILEK | APARTMENT | $507,000 | 126 ft |
| 2504 PORTLAND AVE MINNEAPOLIS MN 55404 | ROBERT & ANN DEHOFF | LOW INCOME RENTAL | $453,000 | 137 ft |
| 2518 PORTLAND AVE MINNEAPOLIS MN 55404 | P H THOMPSON & E THOMPSON | RESIDENTIAL-TWO UNIT | $281,200 | 153 ft |
| 2500 PORTLAND AVE MINNEAPOLIS MN 55404 | M GUSTAFSON & S GUSTAFSON | RESIDENTIAL | $326,000 | 167 ft |
| 2525 5TH AVE S MINNEAPOLIS MN 55404 | NEW HOPE BAPTIST CHURCH | COMMERCIAL-PREFERRED | $0 | 186 ft |
| 2524 PORTLAND AVE MINNEAPOLIS MN 55404 | ANDRE QUINN DUKE | LOW INCOME RENTAL | $556,000 | 189 ft |
Most Recent Sale
Current Tax Year