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.
2 permits on record since 2006 · $552K total declared value · Most recent: Apr 2019 (remodel)
WIKSTROM CONSTRUCTION
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.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 3,191 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2444 PORTLAND AVE MINNEAPOLIS MN 55404 | XYZ LLC | TRIPLEX | $407,000 | 47 ft |
| 2438 PORTLAND AVE MINNEAPOLIS MN 55404 | JOE VANG & KA YING VANG | RESIDENTIAL | $256,600 | 49 ft |
| 2448 PORTLAND AVE MINNEAPOLIS MN 55404 | XYZ LLC | TRIPLEX | $318,000 | 97 ft |
| 512 25TH ST E MINNEAPOLIS MN 55404 | XYZ LLC | RESIDENTIAL-TWO UNIT | $192,000 | 107 ft |
| 2430 PORTLAND AVE MINNEAPOLIS MN 55404 | PORTLAND PLACE CO-OP | LOW INCOME RENTAL | $2,011,000 | 172 ft |
| 2500 PORTLAND AVE MINNEAPOLIS MN 55404 | M GUSTAFSON & S GUSTAFSON | RESIDENTIAL | $326,000 | 215 ft |
| 2419 5TH AVE S MINNEAPOLIS MN 55404 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 226 ft |
| 2437 PORTLAND AVE MINNEAPOLIS MN 55404 | TING JING ZHENG | RESIDENTIAL-TWO UNIT | $243,600 | 226 ft |
| 2441 PORTLAND AVE MINNEAPOLIS MN 55404 | TRUY V LE | APARTMENT | $436,000 | 231 ft |
| 2435 PORTLAND AVE MINNEAPOLIS MN 55404 | PRAMOD B KHAKURAL | RESIDENTIAL-TWO UNIT | $258,600 | 232 ft |
Most Recent Sale
Current Tax Year