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 ↗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.
15 permits on record since 2009 · $1.9M total declared value · Most recent: Jun 2026 (remodel)
FALLS AND NYHUSMOEN
Harris St Paul Inc
Harris St Paul Inc
Harris St Paul Inc
Kraus-Anderson Construction
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.
Back-of-envelope estimate based on mid-rise concrete (50+ units) benchmarks for 26,771 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 720 26TH ST E MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | COMMERCIAL-PREFERRED | $5,320,000 | 151 ft |
| 2511 COLUMBUS AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | LAND-COMMERCIAL | $92,700 | 199 ft |
| 2550 CHICAGO AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | LAND-COMMERCIAL | $282,800 | 220 ft |
| 2500 CHICAGO AVE MINNEAPOLIS MN 55404 | CHILDRENS HEALTH CARE | LAND-COMMERCIAL | $197,700 | 233 ft |
| 2501 COLUMBUS AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | LAND-COMMERCIAL | $205,900 | 260 ft |
| 2525 CHICAGO AVE MINNEAPOLIS MN 55404 | CHILDRENS HEALTH CARE | LAND-COMMERCIAL | $150,000 | 339 ft |
| 2525 PARK AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | COMMERCIAL-PREFERRED | $757,000 | 373 ft |
| 2444 CHICAGO AVE MINNEAPOLIS MN 55404 | LATAKIA PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $325,600 | 373 ft |
| 730 25TH ST E MINNEAPOLIS MN 55404 | EMILY TENCZAR | RESIDENTIAL | $203,900 | 374 ft |
| 2545 CHICAGO AVE MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | COMMERCIAL-NON PREFERRED | $806,900 | 380 ft |
Current Tax Year