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.
4 permits on record since 2002 · $130K total declared value · Most recent: Jul 2022 (misc)
PRIMA LAND INC
CenterPoint Energy Resource Corp
Erickson Plumbing Heating Cooling Inc
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 3,338 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2925 3RD AVE S MINNEAPOLIS MN 55408 | MIRELLA YEPEZ | LOW INCOME RENTAL | $514,000 | 48 ft |
| 2921 3RD AVE S MINNEAPOLIS MN 55408 | E S LOPEZ & E D SILVAN | RESIDENTIAL-TWO UNIT | $285,800 | 95 ft |
| 2930 CLINTON AVE MINNEAPOLIS MN 55408 | MJF PROPERTIES MN LLP | COMMERCIAL-PREFERRED | $202,000 | 98 ft |
| 2926 CLINTON AVE MINNEAPOLIS MN 55408 | MJF PROPERTIES MN LLP | LAND-COMMERCIAL | $42,000 | 111 ft |
| 304 LAKE ST E MINNEAPOLIS MN 55408 | FLOUR CITY PROPERTIES INC | COMMERCIAL-PREFERRED | $1,600,000 | 121 ft |
| 2932 CLINTON AVE MINNEAPOLIS MN 55408 | MJF PROPERTIES MN LLP | COMMERCIAL-PREFERRED | $517,000 | 147 ft |
| 2919 3RD AVE S MINNEAPOLIS MN 55408 | DONALD H ROSS | TRIPLEX | $369,500 | 151 ft |
| 2928 CLINTON AVE MINNEAPOLIS MN 55408 | MJF PROPERTIES MN LLP | LAND-COMMERCIAL | $70,900 | 161 ft |
| 2936 CLINTON AVE MINNEAPOLIS MN 55408 | AGREE MPLS CLINTON AVE LLC P | LAND-COMMERCIAL | $55,300 | 162 ft |
| 2920 CLINTON AVE MINNEAPOLIS MN 55408 | JUAN CRUZ PAUCAR ET AL | RESIDENTIAL | $237,700 | 167 ft |
Most Recent Sale
Current Tax Year