Owned by City of Minneapolis — surplus sales, redevelopment programs, or land trust transfers may apply.
Hennepin County parcel ownership data ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Minneapolis Homes sells city-owned lots for homeownership and affordable housing; eligibility depends on property status and program cycle.
Minneapolis — City Property Sales ↗Hennepin County disposes of public parcels through its surplus property program; contact Real Estate Services for current listings.
Hennepin County — Surplus Property Sales ↗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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2941 5TH AVE S MINNEAPOLIS MN 55408 | J TASHTOUSH & F TASHTOUSH | COMMERCIAL-PREFERRED | $240,000 | 65 ft |
| 2929 5TH AVE S MINNEAPOLIS MN 55408 | SERENDIPITY PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $271,800 | 65 ft |
| 2925 5TH AVE S MINNEAPOLIS MN 55408 | CAMILO RAMOS | RESIDENTIAL-TWO UNIT | $267,800 | 108 ft |
| 2932 PORTLAND AVE MINNEAPOLIS MN 55407 | HOOSHANG MEHRALIAN | RESIDENTIAL-TWO UNIT | $252,000 | 132 ft |
| 2936 PORTLAND AVE MINNEAPOLIS MN 55407 | 2936 LLC | TRIPLEX | $249,700 | 132 ft |
| 500 LAKE ST E MINNEAPOLIS MN 55408 | MANOUCHAHR DOUSTI | COMMERCIAL-PREFERRED | $315,000 | 134 ft |
| 2940 PORTLAND AVE MINNEAPOLIS MN 55407 | J SINGH & T SINGH | APARTMENT | $906,000 | 145 ft |
| 2928 PORTLAND AVE MINNEAPOLIS MN 55407 | B A N YAUNRICELA/M M CCHUMA | RESIDENTIAL | $360,000 | 146 ft |
| 2921 5TH AVE S MINNEAPOLIS MN 55408 | 2921 LLC | APARTMENT | $392,000 | 151 ft |
| 2922 PORTLAND AVE MINNEAPOLIS MN 55407 | 2922 LLC | TRIPLEX | $399,900 | 177 ft |