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.
No permits found in Minneapolis open data for this parcel.
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 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2722 PORTLAND AVE MINNEAPOLIS MN 55407 | ABDIKAFI MOHAMED GELLE | CONDOMINIUM | $244,800 | 60 ft |
| 2724 PORTLAND AVE MINNEAPOLIS MN 55407 | LUCY LOPEZ & HERBERTH LOPEZ | CONDOMINIUM | $244,800 | 60 ft |
| MN | Unknown | — | — | 60 ft |
| 2730 PORTLAND AVE MINNEAPOLIS MN 55407 | NEW VILLAGE LTD PTNSHP CO-OP | LOW INCOME RENTAL | $2,309,000 | 85 ft |
| MN | Unknown | — | — | 101 ft |
| 2720 PORTLAND AVE MINNEAPOLIS MN 55407 | A HAGI-SUFI/O HAGI-SUFI ETAL | CONDOMINIUM | $262,100 | 110 ft |
| 2719 5TH AVE S MINNEAPOLIS MN 55408 | MOHAMED A SULEYMAN | CONDOMINIUM | $288,700 | 142 ft |
| 2721 5TH AVE S MINNEAPOLIS MN 55408 | KEVIN/LYNN FARMER REV TRUST | CONDOMINIUM | $271,300 | 142 ft |
| MN | Unknown | — | — | 142 ft |
| 2725 5TH AVE S MINNEAPOLIS MN 55408 | M AROCHO & M AROCHO | CONDOMINIUM | $254,000 | 144 ft |
Most Recent Sale
Current Tax Year