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 ↗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.
1 permit on record since 2024 · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
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 3 — medium-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 2,638 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2536 5TH AVE S MINNEAPOLIS MN 55404 | SHELLY R MOSMAN | RESIDENTIAL | $286,000 | 42 ft |
| 418 26TH ST E MINNEAPOLIS MN 55404 | BISHARO AHMED ABDI | TRIPLEX | $436,500 | 70 ft |
| 414 26TH ST E MINNEAPOLIS MN 55404 | MICASA LLC | RESIDENTIAL | $465,000 | 75 ft |
| 500 26TH ST E MINNEAPOLIS MN 55404 | BRUCE D WIGNESS | RESIDENTIAL-TWO UNIT | $273,500 | 154 ft |
| 2537 5TH AVE S MINNEAPOLIS MN 55404 | C ANDERSON/P PONCE-ANDERSON | RESIDENTIAL-TWO UNIT | $255,800 | 188 ft |
| 502 26TH ST E MINNEAPOLIS MN 55404 | R & E LILLO | APARTMENT | $576,000 | 193 ft |
| 2535 5TH AVE S MINNEAPOLIS MN 55404 | ZAKARIA MOHAMED | RESIDENTIAL-TWO UNIT | $217,200 | 193 ft |
| 504 26TH ST E MINNEAPOLIS MN 55404 | L SKJEI & J B RYAN | APARTMENT | $714,000 | 234 ft |
| 2525 5TH AVE S MINNEAPOLIS MN 55404 | NEW HOPE BAPTIST CHURCH | COMMERCIAL-PREFERRED | $0 | 238 ft |
| 501 26TH ST E MINNEAPOLIS MN 55404 | SAID ABDI & KHADRA NOOR | CONDOMINIUM | $231,500 | 307 ft |
Most Recent Sale
Current Tax Year