Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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.
10 permits on record since 2018 · $100K total declared value · Most recent: Jul 2024 (misc)
LEGACY RESTORATION LLC
LEGACY RESTORATION LLC
STUMPYS DECK RENEWAL INC
Mad City Windows & Bath
Mad City Windows & Bath
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
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
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 |
|---|---|---|---|---|
| 2415 COLUMBUS CT MINNEAPOLIS MN 55404 | R W RAIT & C RAIT DEVEREAUX | CONDOMINIUM | $324,000 | 0 ft |
| 2417 COLUMBUS CT MINNEAPOLIS MN 55404 | MAGDALENE A WEINZIERL | CONDOMINIUM | $331,000 | 0 ft |
| 2419 COLUMBUS CT MINNEAPOLIS MN 55404 | CATHY A SHEA | CONDOMINIUM | $320,000 | 0 ft |
| 2421 COLUMBUS CT MINNEAPOLIS MN 55404 | PATRICIA A & LAVON PHILLIPS | CONDOMINIUM | $311,000 | 0 ft |
| 2416 CHICAGO AVE MINNEAPOLIS MN 55404 | CITY HOMES ON PARK AVE HOA | COMMON AREA | $0 | 144 ft |
| 2419 PARK AVE MINNEAPOLIS MN 55404 | M R BAHAN & M A BAHAUDDIN | CONDO GARAGE/MISCELLANEOUS | $45,800 | 147 ft |
| 2421 PARK AVE MINNEAPOLIS MN 55404 | MOLLY HULL & TERENCE HULL | CONDO GARAGE/MISCELLANEOUS | $45,800 | 147 ft |
| MN | Unknown | — | — | 147 ft |
| 2412 CHICAGO AVE MINNEAPOLIS MN 55404 | UGAS PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $347,000 | 151 ft |
| 2420 CHICAGO AVE MINNEAPOLIS MN 55404 | TERRY P & ELLA A HOLLINS | RESIDENTIAL-TWO UNIT | $338,600 | 152 ft |