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.
36 permits on record since 2002 · $6.3M total declared value · Most recent: Jul 2025 (remodel)
Cy-Con, Inc.
MN Plumbing & Home Services INC
TIMCO CONSTRUCTION
Gilbert Mechanical Contractors LLC
Gilbert Mechanical Contractors 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
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 5-over-1 podium (12–50 units) benchmarks for 9,889 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 902 26TH ST E MINNEAPOLIS MN 55404 | ABBOTT-NORTHWESTERN HOSPITAL | LAND-COMMERCIAL | $0 | 149 ft |
| 2543 10TH AVE S MINNEAPOLIS MN 55404 | CITY/LAKES COMMUNITY LAND TR | RESIDENTIAL | $325,000 | 210 ft |
| 2547 10TH AVE S MINNEAPOLIS MN 55404 | J N REDDY & G D MOHANLALL | RESIDENTIAL | $263,000 | 212 ft |
| 2539 10TH AVE S MINNEAPOLIS MN 55404 | KEVIN L LORANG | RESIDENTIAL-TWO UNIT | $260,200 | 218 ft |
| 2535 10TH AVE S MINNEAPOLIS MN 55404 | R F GRIGSBY & J GRIGSBY | RESIDENTIAL | $365,000 | 234 ft |
| 2520 10TH AVE S MINNEAPOLIS MN 55404 | CHILDREN'S HEALTH CARE | COMMERCIAL-PREFERRED | $304,000 | 240 ft |
| 2525 ELLIOT AVE MINNEAPOLIS MN 55404 | CHILDRENS HEALTH CARE | COMMERCIAL-PREFERRED | $572,600 | 246 ft |
| 2531 10TH AVE S MINNEAPOLIS MN 55404 | TWIN CITIES HABITAT HUMANITY | RESIDENTIAL | $183,000 | 257 ft |
| 2527 10TH AVE S MINNEAPOLIS MN 55404 | HARDY ACCOUNTING LTD | APARTMENT | $530,000 | 286 ft |
| 1012 26TH ST E MINNEAPOLIS MN 55404 | ROSARIO VELEZ | RESIDENTIAL-TWO UNIT | $229,300 | 310 ft |
Most Recent Sale
Current Tax Year