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 2017 · $48K total declared value · Most recent: Jun 2017 (remodel)
Luis Molina
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 3,066 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2543 11TH AVE S MINNEAPOLIS MN 55404 | S FERNANDEZ ORDONEZ ET AL | RESIDENTIAL | $224,300 | 45 ft |
| 2535 11TH AVE S MINNEAPOLIS MN 55404 | JANNA R OLSON | RESIDENTIAL-TWO UNIT | $270,600 | 45 ft |
| 2549 11TH AVE S MINNEAPOLIS MN 55404 | BRYAN DORN & EMILY DORN | APARTMENT | $492,000 | 90 ft |
| 2531 11TH AVE S MINNEAPOLIS MN 55404 | ROGER HEINLE | RESIDENTIAL-TWO UNIT | $285,400 | 90 ft |
| 2527 11TH AVE S MINNEAPOLIS MN 55404 | VICTOR J NELSON | RESIDENTIAL-TWO UNIT | $343,900 | 136 ft |
| 2540 12TH AVE S MINNEAPOLIS MN 55404 | SEAN BRYANT | RESIDENTIAL-TWO UNIT | $391,000 | 141 ft |
| 2534 12TH AVE S MINNEAPOLIS MN 55404 | NATHAN THORNE | RESIDENTIAL | $286,500 | 148 ft |
| 2542 12TH AVE S MINNEAPOLIS MN 55404 | RODA MUSE & ABDI AFRAH | RESIDENTIAL | $364,000 | 148 ft |
| 2548 12TH AVE S MINNEAPOLIS MN 55404 | WILLIAM YOUEL | RESIDENTIAL | $378,000 | 167 ft |
| 2530 12TH AVE S MINNEAPOLIS MN 55404 | FAIZA M BAYER | RESIDENTIAL-TWO UNIT | $282,900 | 168 ft |
Most Recent Sale
Current Tax Year