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 ↗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 ↗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 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 3-story wood frame (5–12 units) benchmarks for 8,634 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2737 5TH AVE S MINNEAPOLIS MN 55408 | TAMIRU DEGAFA | CONDOMINIUM | $227,500 | 111 ft |
| 2739 5TH AVE S MINNEAPOLIS MN 55408 | A MOHAMED & M S MOHAMED | CONDOMINIUM | $289,700 | 111 ft |
| MN | Unknown | — | — | 111 ft |
| 2730 PORTLAND AVE MINNEAPOLIS MN 55407 | NEW VILLAGE LTD PTNSHP CO-OP | LOW INCOME RENTAL | $2,309,000 | 112 ft |
| 2731 5TH AVE S MINNEAPOLIS MN 55408 | JOANNE M SITT | CONDOMINIUM | $261,100 | 158 ft |
| 2800 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $418,600 | 164 ft |
| 2729 5TH AVE S MINNEAPOLIS MN 55408 | FADLI MOHAMED | CONDOMINIUM | $262,100 | 186 ft |
| 2728 PORTLAND AVE MINNEAPOLIS MN 55407 | EDEN PROGRAMS INC | APARTMENT | $0 | 197 ft |
| 2801 5TH AVE S MINNEAPOLIS MN 55408 | PLAZA HOLDINGS LLC | RESIDENTIAL | $187,400 | 208 ft |
| 2804 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $415,200 | 212 ft |
Most Recent Sale
Current Tax Year