ParcelLens
Property Intelligence · Twin Cities
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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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
7 permits on record since 2019 · $1.6M total declared value · Most recent: Jan 2023 (commfdnr)
United States Mechanical Inc
FRERICHS CONSTRUCTION CO
Quad E Companies Inc
United States Mechanical Inc
United States Mechanical 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 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2736 12TH AVE S MINNEAPOLIS MN 55407 | JUANITA CHRISTENSEN | RESIDENTIAL | $158,000 | 51 ft |
| 2748 12TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 59 ft |
| 2732 12TH AVE S MINNEAPOLIS MN 55407 | FADUMO MOHAMED | RESIDENTIAL | $353,000 | 94 ft |
| 2752 12TH AVE S MINNEAPOLIS MN 55407 | ALI O EGAL | VACANT LAND-RESIDENTIAL | $19,000 | 109 ft |
| 2743 11TH AVE S MINNEAPOLIS MN 55407 | MAVERICK HOLDINGS LLC | APARTMENT | $1,062,000 | 137 ft |
| 2737 11TH AVE S MINNEAPOLIS MN 55407 | K G JOELSON & R L FARROW JR | RESIDENTIAL | $273,300 | 145 ft |
| 2733 11TH AVE S MINNEAPOLIS MN 55407 | JACOB JAMES DEHNKE | RESIDENTIAL | $226,600 | 165 ft |
| 1100 28TH ST E MINNEAPOLIS MN 55407 | ASI HOMES INC | LOW INCOME RENTAL | $435,300 | 165 ft |
| 2737 12TH AVE S MINNEAPOLIS MN 55407 | CRISPIN F LUIS SANTIAGO | RESIDENTIAL | $272,100 | 195 ft |
| 2741 12TH AVE S MINNEAPOLIS MN 55407 | A C PALACIOS & G JIMENEZ | RESIDENTIAL | $241,000 | 197 ft |
Current Tax Year