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 ↗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 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 ↗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.
2 permits on record since 2004 · $488K total declared value · Most recent: Mar 2009 (building re-inspection)
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 3,940 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2416 14TH AVE S MINNEAPOLIS MN 55404 | ROSA MARIA CASTRO LARGO | RESIDENTIAL-TWO UNIT | $241,000 | 43 ft |
| 2422 14TH AVE S MINNEAPOLIS MN 55404 | JUNE P HANSON | RESIDENTIAL-TWO UNIT | $312,700 | 56 ft |
| 2412 14TH AVE S MINNEAPOLIS MN 55404 | DUWAYNE C THIELE | RESIDENTIAL | $141,900 | 74 ft |
| 2426 14TH AVE S MINNEAPOLIS MN 55404 | PETER L DODGE | RESIDENTIAL-TWO UNIT | $268,200 | 99 ft |
| 2408 14TH AVE S MINNEAPOLIS MN 55404 | DAVID A OLSON ET AL TRUSTEES | RESIDENTIAL | $137,000 | 103 ft |
| 2421 13TH AVE S MINNEAPOLIS MN 55404 | SHARON M KOPECKY | RESIDENTIAL | $235,000 | 142 ft |
| 2419 13TH AVE S MINNEAPOLIS MN 55404 | J J COLLINS & J E BROWN | RESIDENTIAL | $219,300 | 142 ft |
| 2432 14TH AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 144 ft |
| 2423 13TH AVE S MINNEAPOLIS MN 55404 | EZEQUIEL MARTINEZ LOPEZ | RESIDENTIAL | $234,100 | 148 ft |
| 2415 13TH AVE S MINNEAPOLIS MN 55404 | C K & J C MCGLOTHLIN TRUST | RESIDENTIAL-TWO UNIT | $470,000 | 153 ft |
Most Recent Sale
Current Tax Year