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 small multifamily (2–4 units, wood frame) benchmarks for 2,756 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2901 2ND AVE S MINNEAPOLIS MN 55408 | JORGE RIVAS | VACANT LAND-RESIDENTIAL | $36,000 | 41 ft |
| 2909 2ND AVE S MINNEAPOLIS MN 55408 | BETTY JANE GRAVENING | RESIDENTIAL | $197,300 | 42 ft |
| 2913 2ND AVE S MINNEAPOLIS MN 55408 | ANNICE MILLER | RESIDENTIAL | $158,000 | 84 ft |
| 2919 2ND AVE S MINNEAPOLIS MN 55408 | JOSE JARA & JULIA MORA | RESIDENTIAL | $196,200 | 126 ft |
| 2904 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $342,300 | 140 ft |
| 2900 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $330,000 | 145 ft |
| 2908 3RD AVE S MINNEAPOLIS MN 55408 | JOHN PETER ELLIASEN | RESIDENTIAL-TWO UNIT | $228,200 | 150 ft |
| 2921 2ND AVE S MINNEAPOLIS MN 55408 | ERIKA QUINTANA PINEDA | RESIDENTIAL | $168,000 | 168 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 171 ft |
| 2912 3RD AVE S MINNEAPOLIS MN 55408 | J O OLSON & D H ROSS | TRIPLEX | $563,300 | 172 ft |
Most Recent Sale
Current Tax Year