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.
3 permits on record since 2023 · $10K total declared value · Most recent: Jul 2025 (misc)
Minnesota Restoration Contractors INC
Minnesota Restoration Contractors INC
Le's Heating and Air 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 4,204 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2404 15TH AVE S MINNEAPOLIS MN 55404 | MARIA LUISA CARPIO CARPIO | RESIDENTIAL | $408,000 | 58 ft |
| 2412 15TH AVE S MINNEAPOLIS MN 55404 | KHANG V NGUYEN | RESIDENTIAL | $372,000 | 58 ft |
| 2400 15TH AVE S MINNEAPOLIS MN 55404 | ANDY'S HOLDINGS LLC | RESIDENTIAL | $315,000 | 116 ft |
| 2416 15TH AVE S MINNEAPOLIS MN 55404 | MANUEL M L INAMAGUA ET AL | RESIDENTIAL | $435,000 | 116 ft |
| 2411 14TH AVE S MINNEAPOLIS MN 55404 | MARIO JUAREZ | RESIDENTIAL | $212,600 | 141 ft |
| 2419 14TH AVE S MINNEAPOLIS MN 55404 | KATHLEEN A LARSON | RESIDENTIAL | $193,100 | 153 ft |
| 2407 14TH AVE S MINNEAPOLIS MN 55404 | INDIAN HEALTH BD OF MPLS INC | LAND-COMMERCIAL | $0 | 165 ft |
| 2426 15TH AVE S MINNEAPOLIS MN 55404 | HANAN OSMAN & FAYSAL OSMAN | RESIDENTIAL | $392,000 | 168 ft |
| 2415 15TH AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 187 ft |
| 2425 14TH AVE S MINNEAPOLIS MN 55404 | JOYCE L RAAEN | RESIDENTIAL | $196,700 | 188 ft |
Most Recent Sale
Current Tax Year