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.
3 permits on record since 2019 · $8K total declared value · Most recent: Oct 2023 (misc)
SHELTER CONSTRUCTION LLC
Urban Pine Plumbing and Mechanical Inc
CenterPoint Energy Resource Corp
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 3,237 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2523 14TH AVE S MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $400,000 | 44 ft |
| 2513 14TH AVE S MINNEAPOLIS MN 55404 | ALI DIIRIYE & MARYAN ELMI | RESIDENTIAL | $382,000 | 47 ft |
| 2527 14TH AVE S MINNEAPOLIS MN 55404 | CONSTRUCTION CONS MPLS METRO | RESIDENTIAL | $419,000 | 84 ft |
| 2511 14TH AVE S MINNEAPOLIS MN 55404 | PATRICK STARR & K J STARR | RESIDENTIAL | $142,000 | 90 ft |
| 2529 14TH AVE S MINNEAPOLIS MN 55404 | JAMESON NASS & DIEDRA E NASS | RESIDENTIAL | $283,600 | 126 ft |
| 2509 14TH AVE S MINNEAPOLIS MN 55404 | J C CHIQUI-BONETE/R H CHIQUI | RESIDENTIAL | $268,500 | 140 ft |
| 2516 15TH AVE S MINNEAPOLIS MN 55404 | GP PROPERTIES LLC | LOW INCOME RENTAL | $276,700 | 142 ft |
| 2514 15TH AVE S MINNEAPOLIS MN 55404 | VICKY CARCHI/BRANDON CARCHI | RESIDENTIAL | $336,800 | 148 ft |
| 2518 15TH AVE S MINNEAPOLIS MN 55404 | CONNOR TURNIPSEED | RESIDENTIAL | $243,200 | 149 ft |
| 2520 15TH AVE S MINNEAPOLIS MN 55404 | HODO BASHEAR MURE | RESIDENTIAL | $351,000 | 164 ft |
Most Recent Sale
Current Tax Year