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.
5 permits on record since 2001 · $40.4M total declared value · Most recent: Jun 2018 (new)
Ryan Companies Us Inc
HARRIS CO
HARRIS CO
RYAN CO US 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
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 mid-rise concrete (50+ units) benchmarks for 250,577 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2836 CLINTON AVE MINNEAPOLIS MN 55408 | URBN VENTURES LDRSHP FNDTION | LAND-COMMERCIAL | $0 | 226 ft |
| 2844 4TH AVE S MINNEAPOLIS MN 55408 | URBAN VENTURES LEADERSHIP | LAND-COMMERCIAL | $0 | 254 ft |
| 2835 CLINTON AVE MINNEAPOLIS MN 55408 | URBN VENTURES LDRSHP FNDTION | LAND-COMMERCIAL | $0 | 315 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 325 ft |
| MN | Unknown | — | — | 396 ft |
| 2901 3RD AVE S MINNEAPOLIS MN 55408 | GREAT MN HOMES LLC | APARTMENT | $562,000 | 454 ft |
| 2900 CLINTON AVE MINNEAPOLIS MN 55408 | CLINICAL SYS CONSULTANTSINC | COMMERCIAL-PREFERRED | $691,000 | 463 ft |
| 2905 3RD AVE S MINNEAPOLIS MN 55408 | ATM PROPERTIES LLC | LOW INCOME RENTAL | $247,300 | 498 ft |
| 2900 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $330,000 | 547 ft |
| 2904 3RD AVE S MINNEAPOLIS MN 55408 | JOSEPH O OLSON | RESIDENTIAL-TWO UNIT | $342,300 | 586 ft |
Current Tax Year