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.
5 permits on record since 2019 · $30K total declared value · Most recent: Sep 2025 (res)
Erickson Plumbing Heating Cooling Inc
Kingfisher Construction
Kingfisher Construction
Erickson Plumbing Heating Cooling Inc
Warners Stellian Co 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 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 3-story wood frame (5–12 units) benchmarks for 3,022 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2816 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $38,200 | 36 ft |
| 2810 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $418,600 | 49 ft |
| 2820 PORTLAND AVE MINNEAPOLIS MN 55407 | STONEWOOD ASSETS LLC | RESIDENTIAL-TWO UNIT | $364,300 | 76 ft |
| 2804 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $415,200 | 97 ft |
| 2817 5TH AVE S MINNEAPOLIS MN 55408 | RONALD B BENSON | RESIDENTIAL | $182,000 | 132 ft |
| 2813 5TH AVE S MINNEAPOLIS MN 55408 | KELLY L MONTES | RESIDENTIAL | $226,000 | 133 ft |
| 2800 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $418,600 | 145 ft |
| 2809 5TH AVE S MINNEAPOLIS MN 55408 | JOSEPHINE E VENUS | RESIDENTIAL | $176,000 | 145 ft |
| 2805 5TH AVE S MINNEAPOLIS MN 55408 | MATTHEW D GLOVER | RESIDENTIAL | $215,000 | 165 ft |
| 2828 PORTLAND AVE MINNEAPOLIS MN 55407 | PHILLIPS REDESIGN LTD PTNRSP | LOW INCOME RENTAL | $1,728,000 | 193 ft |
Most Recent Sale
Current Tax Year