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.
5 permits on record since 2007 · $272K total declared value · Most recent: Jun 2025 (existres)
MESPO HEATING AND COOLING INC
Doug Linden Inc
JOSEPH OLSON
JIM A DOWDS
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 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 3-story wood frame (5–12 units) benchmarks for 3,099 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2908 3RD AVE S MINNEAPOLIS MN 55408 | JOHN PETER ELLIASEN | RESIDENTIAL-TWO UNIT | $228,200 | 46 ft |
| 2916 3RD AVE S MINNEAPOLIS MN 55408 | DONALD H ROSS | RESIDENTIAL-TWO UNIT | $434,000 | 46 ft |
| 2904 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $342,300 | 92 ft |
| 2922 3RD AVE S MINNEAPOLIS MN 55408 | ALICIA J CORDES-MAYO | APARTMENT | $635,000 | 92 ft |
| 2900 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $330,000 | 140 ft |
| 2913 2ND AVE S MINNEAPOLIS MN 55408 | ANNICE MILLER | RESIDENTIAL | $158,000 | 141 ft |
| 2919 2ND AVE S MINNEAPOLIS MN 55408 | JOSE JARA & JULIA MORA | RESIDENTIAL | $196,200 | 142 ft |
| 2909 2ND AVE S MINNEAPOLIS MN 55408 | BETTY JANE GRAVENING | RESIDENTIAL | $197,300 | 152 ft |
| 2921 2ND AVE S MINNEAPOLIS MN 55408 | ERIKA QUINTANA PINEDA | RESIDENTIAL | $168,000 | 155 ft |
| 2924 3RD AVE S MINNEAPOLIS MN 55408 | DONALD H ROSS | CONDOMINIUM | $132,000 | 161 ft |
Most Recent Sale
Current Tax Year