ParcelLens
Property Intelligence · Twin Cities
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Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the Minneapolis South Green Zone — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green Zones ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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 2007 · Most recent: Oct 2007 (building re-inspection)
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 3,010 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2901 3RD AVE S MINNEAPOLIS MN 55408 | GREAT MN HOMES LLC | APARTMENT | $562,000 | 46 ft |
| 2909 3RD AVE S MINNEAPOLIS MN 55408 | ALFONSO & ROSA PAUCAR | RESIDENTIAL-TWO UNIT | $258,100 | 56 ft |
| 2919 3RD AVE S MINNEAPOLIS MN 55408 | DONALD H ROSS | TRIPLEX | $369,500 | 124 ft |
| 2900 CLINTON AVE MINNEAPOLIS MN 55408 | CLINICAL SYS CONSULTANTSINC | COMMERCIAL-PREFERRED | $691,000 | 141 ft |
| 2912 CLINTON AVE MINNEAPOLIS MN 55408 | EVEREST HOLDINGS LLC | RESIDENTIAL | $230,000 | 153 ft |
| 2914 CLINTON AVE MINNEAPOLIS MN 55408 | M JARA & L E JARA | RESIDENTIAL | $191,000 | 173 ft |
| 2921 3RD AVE S MINNEAPOLIS MN 55408 | E S LOPEZ & E D SILVAN | RESIDENTIAL-TWO UNIT | $285,800 | 180 ft |
| 2904 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $342,300 | 192 ft |
| 2900 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $330,000 | 196 ft |
| 2908 3RD AVE S MINNEAPOLIS MN 55408 | JOHN PETER ELLIASEN | RESIDENTIAL-TWO UNIT | $228,200 | 198 ft |
Most Recent Sale
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