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 ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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 2025 · $19K total declared value · Most recent: Jun 2025 (addition)
Rosebud Construction LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Phillips West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1260
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 1,291 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2209 PORTLAND AVE MINNEAPOLIS MN 55404 | MATTHEW M ABENS | RESIDENTIAL-ZERO LOT LINE | $164,800 | 25 ft |
| 2213 PORTLAND AVE MINNEAPOLIS MN 55404 | FAHMA KULANE & FARHIYA FARAH | RESIDENTIAL | $276,000 | 36 ft |
| 2207 PORTLAND AVE MINNEAPOLIS MN 55404 | MACEO BREEDLOVE | RESIDENTIAL | $374,000 | 63 ft |
| 2217 PORTLAND AVE MINNEAPOLIS MN 55404 | PHILLIPS REDESGN LTD PTNRSHP | LOW INCOME RENTAL | $603,000 | 86 ft |
| 2208 OAKLAND AVE MINNEAPOLIS MN 55404 | NURUL-IMAN INSTITUTE | RESIDENTIAL-TWO UNIT | $317,400 | 125 ft |
| 2210 OAKLAND AVE MINNEAPOLIS MN 55404 | CHAFIC EL AMATOURY | APARTMENT | $556,000 | 131 ft |
| 2221 PORTLAND AVE MINNEAPOLIS MN 55404 | ERYN TRIMMER/CAROLYN FELDMAN | VACANT LAND-RESIDENTIAL | $33,000 | 138 ft |
| 2206 OAKLAND AVE MINNEAPOLIS MN 55404 | NURUL-IMAN INSTITUTE | VACANT LAND-RESIDENTIAL | $0 | 140 ft |
| 2216 OAKLAND AVE MINNEAPOLIS MN 55404 | CARLOS ROSALES | RESIDENTIAL-TWO UNIT | $191,000 | 148 ft |
| 2218 OAKLAND AVE MINNEAPOLIS MN 55404 | CARLOS VICENTE ROSALES | RESIDENTIAL-TWO UNIT | $190,500 | 161 ft |
Most Recent Sale
Current Tax Year