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.
3 permits on record since 2019 · $10K total declared value · Most recent: Apr 2021 (misc)
BRUETTE ROOFING INC
Standard Heating and Air Conditioning Inc
Urban Pine Plumbing and Mechanical Inc
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 43,888 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2427 PARK AVE MINNEAPOLIS MN 55404 | STEPHANI MARTINSEN | CONDOMINIUM | $426,000 | 0 ft |
| 2429 PARK AVE MINNEAPOLIS MN 55404 | RAMON PEREZ & ALISON CASSITY | CONDOMINIUM | $372,000 | 0 ft |
| 2431 PARK AVE MINNEAPOLIS MN 55404 | WILLIAM SARAZIN | CONDOMINIUM | $363,000 | 0 ft |
| 2433 PARK AVE MINNEAPOLIS MN 55404 | MONICA E MOHN | CONDOMINIUM | $312,000 | 0 ft |
| 2435 PARK AVE MINNEAPOLIS MN 55404 | SHAWN M THORSON | CONDOMINIUM | $354,000 | 0 ft |
| 2439 PARK AVE MINNEAPOLIS MN 55404 | VALERIE BROPHY | CONDOMINIUM | $367,000 | 0 ft |
| 2437 PARK AVE MINNEAPOLIS MN 55404 | MAIJA GARCIA | CONDOMINIUM | $384,000 | 0 ft |
| 2430 COLUMBUS CT MINNEAPOLIS MN 55404 | CURTIS A ARMSTRONG | CONDOMINIUM | $242,000 | 0 ft |
| 2432 COLUMBUS CT MINNEAPOLIS MN 55404 | REBECCA I FABUNMI | CONDOMINIUM | $238,000 | 0 ft |
| 2436 COLUMBUS CT MINNEAPOLIS MN 55404 | TIMOTHY TOU THAMMAVONGSA | CONDOMINIUM | $255,000 | 0 ft |
Most Recent Sale
Current Tax Year