PID: 3402924439001· 4 fields stubbed (see below)

Property Overview

Parcel ID3402924439001

Lot Size11,601 sq ft (0.266 ac)

Lot Dimensions (est.)126 ft wide × 92 ft deep

Year Built—(stub)

Property Class—

OwnerUnknown

Assessed Value—(stub)

Land Value—

Building Value—

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Qualified Census Tract (QCT)High

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 ↗

Potential programs

LIHTC 30% Basis BoostMedium

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 ↗

Environmental Response FundMedium

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.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Phillips West · Minneapolis

Median reported rent808/mo

Renter-occupied84.8%

Median home value$226K

Vacancy rate8.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1260

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width82 ft

Buildable depth86 ft

Area~7,056 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2924 3RD AVE S MINNEAPOLIS MN 55408	DONALD H ROSS	CONDOMINIUM	$132,000	0 ft
2924 3RD AVE S MINNEAPOLIS MN 55408	DONALD H ROSS	CONDOMINIUM	$96,000	0 ft
2924 3RD AVE S MINNEAPOLIS MN 55408	DONALD H ROSS	CONDOMINIUM	$96,000	0 ft
2924 3RD AVE S MINNEAPOLIS MN 55408	J O OLSON & R W LILLIGREN	CONDOMINIUM	$97,000	0 ft
2924 3RD AVE S MINNEAPOLIS MN 55408	DONALD H ROSS	CONDOMINIUM	$97,000	0 ft
2928 3RD AVE S MINNEAPOLIS MN 55408	DONALD H ROSS	CONDOMINIUM	$106,000	0 ft
2928 3RD AVE S MINNEAPOLIS MN 55408	DONALD H ROSS	CONDOMINIUM	$106,000	0 ft
2928 3RD AVE S MINNEAPOLIS MN 55408	DONALD H ROSS	CONDOMINIUM	$109,000	0 ft
2922 3RD AVE S MINNEAPOLIS MN 55408	ALICIA J CORDES-MAYO	APARTMENT	$635,000	69 ft
2932 3RD AVE S MINNEAPOLIS MN 55408	JOSE DUTAN	RESIDENTIAL-TWO UNIT	$352,100	70 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, assessedValue, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.