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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
No permits found in Minneapolis open data for this parcel.
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
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
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
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 |
|---|---|---|---|---|
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | ALLINA HEALTH SYSTEM | COMMERCIAL-PREFERRED | $1,810,000 | 0 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | ALLINA HEALTH SYSTEM | COMMERCIAL-PREFERRED | $2,607,000 | 0 ft |
| 738 27TH ST E MINNEAPOLIS MN 55407 | SUNVEST INTERNATIONAL INC | APARTMENT | $1,080,000 | 433 ft |
| 739 27TH ST E MINNEAPOLIS MN 55407 | KIRA K MOSTAD/HOWARD MOSTAD | APARTMENT | $504,000 | 436 ft |
| 2704 CHICAGO AVE MINNEAPOLIS MN 55407 | HOWARD MOSTAD & KIRA MOSTAD | RESIDENTIAL | $278,400 | 444 ft |
| 2644 CHICAGO AVE MINNEAPOLIS MN 55407 | ZANZIBAR FINANCING INC | APARTMENT | $2,531,000 | 448 ft |
| 920 28TH ST E MINNEAPOLIS MN 55407 | ALLINA HEALTH SYSTEM | COMMERCIAL-PREFERRED | $12,400,000 | 455 ft |
| 2708 CHICAGO AVE MINNEAPOLIS MN 55407 | MOHAMED ADEN | RESIDENTIAL | $276,000 | 456 ft |
| 2601 10TH AVE S MINNEAPOLIS MN 55407 | CITY OF MPLS THROUGH PK BD | LAND-COMMERCIAL | $0 | 459 ft |
| 2714 CHICAGO AVE MINNEAPOLIS MN 55407 | ANDREW & BROOKE E FAUDREE | RESIDENTIAL-TWO UNIT | $425,900 | 471 ft |