Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 ↗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.
1 permit on record since 2019 · $5K total declared value · Most recent: Jan 2019 (remodel)
NelsFinch Construction, LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Midtown Phillips · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1258
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2412 12TH AVE S MINNEAPOLIS MN 55404 | MOLINA REALTORS LLC | RESIDENTIAL | $296,900 | 41 ft |
| 2420 12TH AVE S MINNEAPOLIS MN 55404 | S G CORTEZ & L Q ZAVALETA | RESIDENTIAL | $238,700 | 41 ft |
| 2410 12TH AVE S MINNEAPOLIS MN 55404 | TULARAM PERSAUD | RESIDENTIAL-TWO UNIT | $324,000 | 83 ft |
| 2424 12TH AVE S MINNEAPOLIS MN 55404 | FADUMO AHMED ALI | RESIDENTIAL | $417,000 | 83 ft |
| 2428 12TH AVE S MINNEAPOLIS MN 55404 | R S HODGEMAN & G HODGEMAN | RESIDENTIAL | $260,000 | 129 ft |
| 2417 11TH AVE S MINNEAPOLIS MN 55404 | LISA BEJOS | RESIDENTIAL | $344,000 | 141 ft |
| 2411 11TH AVE S MINNEAPOLIS MN 55404 | C J ZOLL & K BLAUVELT | RESIDENTIAL-TWO UNIT | $331,200 | 146 ft |
| 2421 11TH AVE S MINNEAPOLIS MN 55404 | J D RAINEY & J S RAINEY SR | RESIDENTIAL | $383,000 | 147 ft |
| 1115 24TH ST E MINNEAPOLIS MN 55404 | RUBEN A ALVARADO RIERO | RESIDENTIAL-TWO UNIT | $268,500 | 147 ft |
| 2404 12TH AVE S MINNEAPOLIS MN 55404 | ABA HASHIM & MARYAN ALI | RESIDENTIAL | $328,000 | 147 ft |
Most Recent Sale
Current Tax Year