ParcelLens
Property Intelligence · Twin Cities
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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.
No permits found in Minneapolis open data for this parcel.
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
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 |
|---|---|---|---|---|
| 2500 PARK AVE MINNEAPOLIS MN 55404 | ST MARY'S COLLEGE OF MN | COMMERCIAL-PREFERRED | $0 | 147 ft |
| 2540 PARK AVE MINNEAPOLIS MN 55404 | ST MARY'S UNIVERSITY OF MINN | COMMERCIAL-PREFERRED | $0 | 194 ft |
| 2505 PORTLAND AVE MINNEAPOLIS MN 55404 | ST MARY'S UNIVERSITY OF MINN | LAND-COMMERCIAL | $0 | 316 ft |
| 2523 PORTLAND AVE MINNEAPOLIS MN 55404 | ES TOWERS L P | LOW INCOME RENTAL | $13,500,000 | 329 ft |
| 2525 PARK AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | COMMERCIAL-PREFERRED | $757,000 | 356 ft |
| 2450 PARK AVE MINNEAPOLIS MN 55404 | ST MARY'S UNIVERSITY OF MN | COMMERCIAL-PREFERRED | $0 | 357 ft |
| 2504 COLUMBUS AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | COMMERCIAL-PREFERRED | $0 | 361 ft |
| 2544 OAKLAND AVE MINNEAPOLIS MN 55404 | PORTLAND GROUP LLC | MED/CARE FACILITY | $0 | 364 ft |
| 616 25TH ST E MINNEAPOLIS MN 55404 | T IMBU JR & S A SCHLEETER | RESIDENTIAL | $167,000 | 392 ft |
| 2535 PARK AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | APARTMENT | $1,550,000 | 414 ft |
Most Recent Sale
Current Tax Year