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.
8 permits on record since 2017 · $26K total declared value · Most recent: Oct 2018 (existres)
ST PAUL PLUMBING AND HEATING CO INC
Hooshang Mehralian
PINNACLE RENOVATIONS LLC
TACHENY EXTERIORS
Hooshang Mehralian
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 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 2,586 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2928 PORTLAND AVE MINNEAPOLIS MN 55407 | B A N YAUNRICELA/M M CCHUMA | RESIDENTIAL | $360,000 | 43 ft |
| 2936 PORTLAND AVE MINNEAPOLIS MN 55407 | 2936 LLC | TRIPLEX | $249,700 | 43 ft |
| 2940 PORTLAND AVE MINNEAPOLIS MN 55407 | J SINGH & T SINGH | APARTMENT | $906,000 | 86 ft |
| 2922 PORTLAND AVE MINNEAPOLIS MN 55407 | 2922 LLC | TRIPLEX | $399,900 | 97 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | CITY OF MINNEAPOLIS | VACANT LAND-APARTMENT | $0 | 132 ft |
| 2929 5TH AVE S MINNEAPOLIS MN 55408 | SERENDIPITY PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $271,800 | 137 ft |
| 520 LAKE ST E MINNEAPOLIS MN 55408 | DUKE'S 520 E LAKE STREET LLC | COMMERCIAL-PREFERRED | $570,000 | 155 ft |
| 2925 5TH AVE S MINNEAPOLIS MN 55408 | CAMILO RAMOS | RESIDENTIAL-TWO UNIT | $267,800 | 155 ft |
| 2941 5TH AVE S MINNEAPOLIS MN 55408 | J TASHTOUSH & F TASHTOUSH | COMMERCIAL-PREFERRED | $240,000 | 157 ft |
| 2916 PORTLAND AVE MINNEAPOLIS MN 55407 | 2916 LLC | APARTMENT | $391,000 | 161 ft |
Most Recent Sale
Current Tax Year