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.
2 permits on record since 2022 · $19K total declared value · Most recent: Oct 2023 (misc)
True North Roofing LLC
Weld and Sons 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
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 3,079 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2510 12TH AVE S MINNEAPOLIS MN 55404 | R P Z PUMA & S Q CHUNCHI | RESIDENTIAL-TWO UNIT | $280,500 | 45 ft |
| 2520 12TH AVE S MINNEAPOLIS MN 55404 | RAFAEL ROBLES/MIRIAN MOLINA | RESIDENTIAL-TWO UNIT | $370,500 | 45 ft |
| 2506 12TH AVE S MINNEAPOLIS MN 55404 | SUE LOR/JESUS RODRIGO CARPIO | RESIDENTIAL-TWO UNIT | $304,800 | 90 ft |
| 2524 12TH AVE S MINNEAPOLIS MN 55404 | NATALIE LYNN BENSON | RESIDENTIAL | $254,000 | 90 ft |
| 2526 12TH AVE S MINNEAPOLIS MN 55404 | KIMETTE ALMON | APARTMENT | $496,000 | 136 ft |
| 2517 11TH AVE S MINNEAPOLIS MN 55404 | L SCHEUERMANN/B SCHEUERMANN | RESIDENTIAL-TWO UNIT | $289,300 | 141 ft |
| 2519 11TH AVE S MINNEAPOLIS MN 55404 | D J PROPST & J PROPST | RESIDENTIAL-TWO UNIT | $360,800 | 148 ft |
| 2513 11TH AVE S MINNEAPOLIS MN 55404 | TRUY VAN LE | RESIDENTIAL-TWO UNIT | $296,500 | 148 ft |
| 2502 12TH AVE S MINNEAPOLIS MN 55404 | SHUKRI ISSE | VACANT LAND-RESIDENTIAL | $46,000 | 152 ft |
| 2521 11TH AVE S MINNEAPOLIS MN 55404 | MARK MULLER & AMY SMITH | TRIPLEX | $413,100 | 168 ft |
Most Recent Sale
Current Tax Year