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.
4 permits on record since 2006 · $792K total declared value · Most recent: Apr 2018 (newres)
Flare Heating & Air Conditioning, Inc.
Air Mechanical Inc
RACHELLE REYNOLDS CUSTOM HOMES INC
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.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,730 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2420 12TH AVE S MINNEAPOLIS MN 55404 | S G CORTEZ & L Q ZAVALETA | RESIDENTIAL | $238,700 | 42 ft |
| 2428 12TH AVE S MINNEAPOLIS MN 55404 | R S HODGEMAN & G HODGEMAN | RESIDENTIAL | $260,000 | 46 ft |
| 2416 12TH AVE S MINNEAPOLIS MN 55404 | TWIN CITIES MINISTRIES | RESIDENTIAL | $0 | 83 ft |
| 2432 12TH AVE S MINNEAPOLIS MN 55404 | CRAIG W SCHMIDT | RESIDENTIAL | $275,000 | 97 ft |
| 2412 12TH AVE S MINNEAPOLIS MN 55404 | MOLINA REALTORS LLC | RESIDENTIAL | $296,900 | 124 ft |
| 2425 11TH AVE S MINNEAPOLIS MN 55404 | KATHIE J IVES | RESIDENTIAL | $166,000 | 141 ft |
| 2429 11TH AVE S MINNEAPOLIS MN 55404 | T BAKA & CHRISTINE RUSTIN | RESIDENTIAL | $231,900 | 145 ft |
| 2421 11TH AVE S MINNEAPOLIS MN 55404 | J D RAINEY & J S RAINEY SR | RESIDENTIAL | $383,000 | 146 ft |
| 2431 11TH AVE S MINNEAPOLIS MN 55404 | BELGIE YIMER/DIRBWERK YIMER | RESIDENTIAL | $346,000 | 153 ft |
| 2436 12TH AVE S MINNEAPOLIS MN 55404 | S E PULLINS & R A SKIPPER | RESIDENTIAL | $350,100 | 157 ft |
Most Recent Sale
Current Tax Year