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.
2 permits on record since 2018 · Most recent: Mar 2018 (res)
MNP Mechanical LLC
Ryan Plumbing And Heating Co
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 |
|---|---|---|---|---|
| 2535 15TH AVE S MINNEAPOLIS MN 55404 | I A HUSSAIN & A E OSMAN | RESIDENTIAL | $409,000 | 51 ft |
| 2541 15TH AVE S MINNEAPOLIS MN 55404 | LINH NGUYEN | VACANT LAND-RESIDENTIAL | $29,000 | 58 ft |
| 2529 15TH AVE S MINNEAPOLIS MN 55404 | A Z SANCHEZ & P T VARGAS | RESIDENTIAL | $262,300 | 94 ft |
| 1508 26TH ST E MINNEAPOLIS MN 55404 | MICHAEL LITTLE | APARTMENT | $488,000 | 118 ft |
| 1500 26TH ST E MINNEAPOLIS MN 55404 | CARLOS V ALVARADO | RESIDENTIAL | $153,000 | 124 ft |
| 2538 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | ANGEL D DE LOS SANTOS GARCIA | RESIDENTIAL | $198,500 | 141 ft |
| 2532 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | MOLINA INVESTMENT GROUP LLC | VACANT LAND-RESIDENTIAL | $47,000 | 147 ft |
| 1512 26TH ST E MINNEAPOLIS MN 55404 | HASSAN OMAR & ASHA ABUKAR | RESIDENTIAL | $208,100 | 148 ft |
| 2540 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | NELIA MELIDA HURTADO RAMON | RESIDENTIAL | $137,000 | 150 ft |
| 2526 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | CHARLES EDWARD WIND | RESIDENTIAL | $196,200 | 160 ft |
Current Tax Year