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 2020 · Most recent: Oct 2020 (existres)
CENTERPOINT ENERGY
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 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.
Back-of-envelope estimate based on sfr / adu benchmarks for 919 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2616 PORTLAND AVE MINNEAPOLIS MN 55407 | S L SCHULTZ & L J SMITH | CONDOMINIUM | $244,800 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 2608 PORTLAND AVE MINNEAPOLIS MN 55407 | COLIN HILL | CONDOMINIUM | $273,400 | 47 ft |
| 2620 PORTLAND AVE MINNEAPOLIS MN 55407 | A B ESCOBEDO & T S ESCOBEDO | CONDOMINIUM | $259,100 | 56 ft |
| 2600 PORTLAND AVE MINNEAPOLIS MN 55407 | MOHAMED DIRIYE/FAIZA OSMAN | CONDOMINIUM | $259,100 | 104 ft |
| 2602 PORTLAND AVE MINNEAPOLIS MN 55407 | SADIA NOOR | CONDOMINIUM | $249,900 | 104 ft |
| MN | Unknown | — | — | 104 ft |
| 2624 PORTLAND AVE MINNEAPOLIS MN 55407 | PINEWOOD LLC | CONDOMINIUM | $280,500 | 111 ft |
| 2626 PORTLAND AVE MINNEAPOLIS MN 55407 | ZAKARIA MOHAMED | CONDOMINIUM | $267,200 | 111 ft |
| MN | Unknown | — | — | 111 ft |
Most Recent Sale
Current Tax Year