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 2019 · Most recent: Sep 2019 (existres)
Airic's Heating & Air Conditioning 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.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,727 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2733 11TH AVE S MINNEAPOLIS MN 55407 | JACOB JAMES DEHNKE | RESIDENTIAL | $226,600 | 43 ft |
| 2743 11TH AVE S MINNEAPOLIS MN 55407 | MAVERICK HOLDINGS LLC | APARTMENT | $1,062,000 | 65 ft |
| 2736 12TH AVE S MINNEAPOLIS MN 55407 | JUANITA CHRISTENSEN | RESIDENTIAL | $158,000 | 136 ft |
| 2732 12TH AVE S MINNEAPOLIS MN 55407 | FADUMO MOHAMED | RESIDENTIAL | $353,000 | 143 ft |
| 1100 28TH ST E MINNEAPOLIS MN 55407 | ASI HOMES INC | LOW INCOME RENTAL | $435,300 | 144 ft |
| 2742 12TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 145 ft |
| 2748 12TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 175 ft |
| 2736 11TH AVE S MINNEAPOLIS MN 55407 | LAURA LYNNE FRITZ | RESIDENTIAL | $259,400 | 185 ft |
| 2732 11TH AVE S MINNEAPOLIS MN 55407 | DANIEL AARON SIMMONS | RESIDENTIAL-TWO UNIT | $415,900 | 190 ft |
| 2740 11TH AVE S MINNEAPOLIS MN 55407 | THOMAS M TULIEN | APARTMENT | $386,200 | 191 ft |
Most Recent Sale
Current Tax Year