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.
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 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 2,585 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2932 PORTLAND AVE MINNEAPOLIS MN 55407 | HOOSHANG MEHRALIAN | RESIDENTIAL-TWO UNIT | $252,000 | 43 ft |
| 2922 PORTLAND AVE MINNEAPOLIS MN 55407 | 2922 LLC | TRIPLEX | $399,900 | 54 ft |
| 2936 PORTLAND AVE MINNEAPOLIS MN 55407 | 2936 LLC | TRIPLEX | $249,700 | 86 ft |
| 2916 PORTLAND AVE MINNEAPOLIS MN 55407 | 2916 LLC | APARTMENT | $391,000 | 118 ft |
| 2940 PORTLAND AVE MINNEAPOLIS MN 55407 | J SINGH & T SINGH | APARTMENT | $906,000 | 129 ft |
| 2929 5TH AVE S MINNEAPOLIS MN 55408 | SERENDIPITY PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $271,800 | 130 ft |
| 2925 5TH AVE S MINNEAPOLIS MN 55408 | CAMILO RAMOS | RESIDENTIAL-TWO UNIT | $267,800 | 136 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | CITY OF MINNEAPOLIS | VACANT LAND-APARTMENT | $0 | 146 ft |
| 2921 5TH AVE S MINNEAPOLIS MN 55408 | 2921 LLC | APARTMENT | $392,000 | 155 ft |
| 2914 PORTLAND AVE MINNEAPOLIS MN 55407 | GOLDEN INVESTMENTS LLC | LOW INCOME RENTAL | $233,800 | 172 ft |
Most Recent Sale
Current Tax Year