Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
40 permits on record since 2000 · $39.6M total declared value · Most recent: Dec 2025 (tempheat)
GR Mechanical Plumbing & Heating
ALLAN MECHANICAL INC
GR Mechanical Plumbing & Heating
ALLAN MECHANICAL INC
BERWALD ROOFING COMPANY
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
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2301 CHICAGO AVE MINNEAPOLIS MN 55404 | OUR SAVIORS LUTHERAN CHURCH | COMMERCIAL-PREFERRED | $0 | 273 ft |
| 2305 CHICAGO AVE MINNEAPOLIS MN 55404 | NORMANDALE HOUSING CORP | TRIPLEX | $0 | 277 ft |
| 710 24TH ST E MINNEAPOLIS MN 55404 | HOPE ACADEMY HOLDING COMPANY | COMMERCIAL-PREFERRED | $0 | 279 ft |
| 2219 CHICAGO AVE MINNEAPOLIS MN 55404 | OUR SAVIOUR'S COMMUNITY SRVS | APARTMENT | $0 | 282 ft |
| 2309 CHICAGO AVE MINNEAPOLIS MN 55404 | OUR SAVIORS LUTHERAN CHURCH | RESIDENTIAL-TWO UNIT | $355,000 | 287 ft |
| 2215 CHICAGO AVE MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 309 ft |
| 2209 CHICAGO AVE MINNEAPOLIS MN 55404 | ANA JARA-ARIAS & DAVID ARIAS | RESIDENTIAL | $232,300 | 332 ft |
| 2315 CHICAGO AVE MINNEAPOLIS MN 55404 | OUR SAVIORS LUTHERAN CHURCH | COMMERCIAL-PREFERRED | $0 | 335 ft |
| 2205 CHICAGO AVE MINNEAPOLIS MN 55404 | ANA M JARA-ARIAS | RESIDENTIAL-TWO UNIT | $282,500 | 358 ft |
| 2203 CHICAGO AVE MINNEAPOLIS MN 55404 | PAUL L WEST | RESIDENTIAL | $310,000 | 391 ft |
Most Recent Sale
Current Tax Year