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.
10 permits on record since 2020 · $85K total declared value · Most recent: Oct 2023 (misc)
ASHCO EXTERIORS INC
MESPO HEATING AND COOLING INC
Majestic Plumbing Inc
MESPO HEATING AND COOLING INC
MESPO HEATING AND COOLING INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Midtown Phillips · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1258
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Urban Neighborhood 2 — moderate-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 4,200 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2417 12TH AVE S MINNEAPOLIS MN 55404 | CHERYL A WETTERNACH | RESIDENTIAL | $239,000 | 43 ft |
| 2411 12TH AVE S MINNEAPOLIS MN 55404 | EDWIN D WILLIAMS | RESIDENTIAL-TWO UNIT | $383,100 | 58 ft |
| 2419 12TH AVE S MINNEAPOLIS MN 55404 | YONYALU POLINSKE | RESIDENTIAL | $172,300 | 73 ft |
| 2421 12TH AVE S MINNEAPOLIS MN 55404 | NEW FREEDOM LLC | VACANT LAND-RESIDENTIAL | $3,700 | 94 ft |
| 2401 12TH AVE S MINNEAPOLIS MN 55404 | LONNY DOUB | RESIDENTIAL-TWO UNIT | $318,200 | 116 ft |
| 2425 12TH AVE S MINNEAPOLIS MN 55404 | NEW FREEDOM LLC | RESIDENTIAL-TWO UNIT | $337,800 | 123 ft |
| 2410 13TH AVE S MINNEAPOLIS MN 55404 | DELMON INVESTMENTS LLC | RESIDENTIAL | $408,000 | 141 ft |
| 2406 13TH AVE S MINNEAPOLIS MN 55404 | MARIA JESUS HERNANDEZ | RESIDENTIAL | $177,900 | 150 ft |
| 2416 13TH AVE S MINNEAPOLIS MN 55404 | OSCAR VILLANUEVA RAMIREZ | RESIDENTIAL-TWO UNIT | $295,100 | 150 ft |
| 2404 13TH AVE S MINNEAPOLIS MN 55404 | ANGELICO QUITO JUNCAL | RESIDENTIAL-TWO UNIT | $299,300 | 166 ft |
Most Recent Sale
Current Tax Year