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.
1 permit on record since 2008 · $50K total declared value · Most recent: Nov 2008 (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 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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
Lot dimensions are insufficient for the standard setbacks shown.
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 2,233 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2748 12TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 50 ft |
| 2742 12TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 109 ft |
| 1113 28TH ST E MINNEAPOLIS MN 55407 | MOHAMED SHUKRI/ESTAR GELE | RESIDENTIAL | $178,900 | 129 ft |
| 1100 28TH ST E MINNEAPOLIS MN 55407 | ASI HOMES INC | LOW INCOME RENTAL | $435,300 | 137 ft |
| 2800 12TH AVE S MINNEAPOLIS MN 55407 | MINNEAPOLIS PUBLIC SCHOOLS | LAND-COMMERCIAL | $0 | 138 ft |
| 2736 12TH AVE S MINNEAPOLIS MN 55407 | JUANITA CHRISTENSEN | RESIDENTIAL | $158,000 | 161 ft |
| 2743 11TH AVE S MINNEAPOLIS MN 55407 | MAVERICK HOLDINGS LLC | APARTMENT | $1,062,000 | 166 ft |
| 1109 28TH ST E MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 176 ft |
| 2806 12TH AVE S MINNEAPOLIS MN 55407 | R KINDE & S R KANTAMNENI | RESIDENTIAL-TWO UNIT | $300,700 | 193 ft |
| 2747 12TH AVE S MINNEAPOLIS MN 55407 | SPECIAL SCHOOL DISTRICT NO 1 | LAND-COMMERCIAL | $0 | 195 ft |
Most Recent Sale
Current Tax Year