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 2019 · $27K total declared value · Most recent: Jun 2025 (existres)
Dean's Professional Plumbing Inc
True North Roofing LLC
Minnesota Rusco Inc
DEN-MARK PLUMBING 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
Lot dimensions are insufficient for the standard setbacks shown.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on sfr / adu benchmarks for 22 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2502 12TH AVE S MINNEAPOLIS MN 55404 | SHUKRI ISSE | VACANT LAND-RESIDENTIAL | $46,000 | 58 ft |
| 2501 11TH AVE S MINNEAPOLIS MN 55404 | S M KREIDENWEIS & D A PETERS | RESIDENTIAL | $232,700 | 96 ft |
| 2506 12TH AVE S MINNEAPOLIS MN 55404 | SUE LOR/JESUS RODRIGO CARPIO | RESIDENTIAL-TWO UNIT | $304,800 | 98 ft |
| 2505 11TH AVE S MINNEAPOLIS MN 55404 | JANET D BRUCE | RESIDENTIAL | $185,800 | 103 ft |
| 2446 12TH AVE S MINNEAPOLIS MN 55404 | THOMAS W LUNDHOLM | RESIDENTIAL-TWO UNIT | $227,500 | 117 ft |
| 2509 11TH AVE S MINNEAPOLIS MN 55404 | TRUE TRUST ASSOCIATES LLC | APARTMENT | $547,000 | 127 ft |
| 2510 12TH AVE S MINNEAPOLIS MN 55404 | R P Z PUMA & S Q CHUNCHI | RESIDENTIAL-TWO UNIT | $280,500 | 140 ft |
| 2447 11TH AVE S MINNEAPOLIS MN 55404 | ALKAT ENTERPRISES LLC | APARTMENT | $476,000 | 143 ft |
| 2444 12TH AVE S MINNEAPOLIS MN 55404 | THANH THUY T NGUYEN | RESIDENTIAL-TWO UNIT | $273,400 | 144 ft |
| 2513 11TH AVE S MINNEAPOLIS MN 55404 | TRUY VAN LE | RESIDENTIAL-TWO UNIT | $296,500 | 164 ft |
Most Recent Sale
Current Tax Year