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.
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
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 sfr / adu benchmarks for 173 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 501 27TH ST E MINNEAPOLIS MN 55408 | PPL ON PORTLAND | VACANT LAND-RESIDENTIAL | $4,000 | 40 ft |
| 509 27TH ST E MINNEAPOLIS MN 55408 | PPL ON PORTLAND | VACANT LAND-RESIDENTIAL | $4,000 | 43 ft |
| 2705 5TH AVE S MINNEAPOLIS MN 55408 | PPL ON PORTLAND | VACANT LAND-RESIDENTIAL | $29,000 | 45 ft |
| 2707 5TH AVE S MINNEAPOLIS MN 55408 | PPL ON PORTLAND | VACANT LAND-RESIDENTIAL | $10,000 | 81 ft |
| 2702 PORTLAND AVE MINNEAPOLIS MN 55407 | PPL ON PORTLAND | RESIDENTIAL | $486,000 | 130 ft |
| 2709 5TH AVE S MINNEAPOLIS MN 55408 | BALQISA O HASSAN | CONDOMINIUM | $292,700 | 131 ft |
| 500 27TH ST E MINNEAPOLIS MN 55408 | JAMES WILLIAM PAYNE IV | CONDOMINIUM | $268,300 | 136 ft |
| 502 27TH ST E MINNEAPOLIS MN 55408 | ANDREA LAZO-RICE TRUST | CONDOMINIUM | $232,600 | 136 ft |
| 504 27TH ST E MINNEAPOLIS MN 55408 | JAMES R CIMINO | CONDOMINIUM | $229,500 | 136 ft |
| 506 27TH ST E MINNEAPOLIS MN 55408 | ABDULKADIR ELMI & F ABDULLE | CONDOMINIUM | $217,300 | 136 ft |
Most Recent Sale
Current Tax Year