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.
1 permit on record since 2024 · $17K total declared value · Most recent: Mar 2024 (misc)
ALL AROUND PROPERTY PRESERVATION
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 4,197 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2512 13TH AVE S MINNEAPOLIS MN 55404 | MAHMOUD DAHIR ADANI | VACANT LAND-RESIDENTIAL | $11,000 | 43 ft |
| 2504 13TH AVE S MINNEAPOLIS MN 55404 | DAVID A AND EDITH CARLSON | RESIDENTIAL | $409,000 | 53 ft |
| 2514 13TH AVE S MINNEAPOLIS MN 55404 | MARCOS NAVOS & LUCY CAZHO | RESIDENTIAL-TWO UNIT | $322,900 | 73 ft |
| 2500 13TH AVE S MINNEAPOLIS MN 55404 | GLORIA VELEZ | RESIDENTIAL | $238,600 | 97 ft |
| 2516 13TH AVE S MINNEAPOLIS MN 55404 | MICHAEL LANDON JOHNSON | RESIDENTIAL | $283,800 | 118 ft |
| 2507 12TH AVE S MINNEAPOLIS MN 55404 | MUHUBO FARAH | RESIDENTIAL | $348,000 | 144 ft |
| 2509 12TH AVE S MINNEAPOLIS MN 55404 | SUAD MOHAMED HAJI A | RESIDENTIAL | $361,000 | 144 ft |
| 2513 12TH AVE S MINNEAPOLIS MN 55404 | MADISON AVE HOMES LLC | RESIDENTIAL | $173,400 | 159 ft |
| 2501 12TH AVE S MINNEAPOLIS MN 55404 | D V NAGLAK & J J NAGLAK | RESIDENTIAL | $297,000 | 164 ft |
| 2515 12TH AVE S MINNEAPOLIS MN 55404 | WILLIE LEE OATS JR | RESIDENTIAL | $189,600 | 175 ft |
Most Recent Sale
Current Tax Year