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.
2 permits on record since 2004 · $326K total declared value · Most recent: Oct 2005 (building re-inspection)
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
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 small multifamily (2–4 units, wood frame) benchmarks for 1,594 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1115 24TH ST E MINNEAPOLIS MN 55404 | RUBEN A ALVARADO RIERO | RESIDENTIAL-TWO UNIT | $268,500 | 64 ft |
| 2410 12TH AVE S MINNEAPOLIS MN 55404 | TULARAM PERSAUD | RESIDENTIAL-TWO UNIT | $324,000 | 69 ft |
| 2412 12TH AVE S MINNEAPOLIS MN 55404 | MOLINA REALTORS LLC | RESIDENTIAL | $296,900 | 107 ft |
| 1109 24TH ST E MINNEAPOLIS MN 55404 | HENNEPIN FORFEITED LAND | VACANT LAND-RESIDENTIAL | $0 | 130 ft |
| 2416 12TH AVE S MINNEAPOLIS MN 55404 | TWIN CITIES MINISTRIES | RESIDENTIAL | $0 | 147 ft |
| 2401 12TH AVE S MINNEAPOLIS MN 55404 | LONNY DOUB | RESIDENTIAL-TWO UNIT | $318,200 | 157 ft |
| 2411 12TH AVE S MINNEAPOLIS MN 55404 | EDWIN D WILLIAMS | RESIDENTIAL-TWO UNIT | $383,100 | 159 ft |
| 2415 12TH AVE S MINNEAPOLIS MN 55404 | H R WATERHOUSE & B FLYNN | RESIDENTIAL | $406,000 | 181 ft |
| 2409 11TH AVE S MINNEAPOLIS MN 55404 | E H V ORDONEZ & R V V VELEZ | RESIDENTIAL-TWO UNIT | $382,800 | 183 ft |
| 2420 12TH AVE S MINNEAPOLIS MN 55404 | S G CORTEZ & L Q ZAVALETA | RESIDENTIAL | $238,700 | 188 ft |
Most Recent Sale
Current Tax Year