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.
4 permits on record since 2017 · $50K total declared value · Most recent: Apr 2024 (misc)
SELA ROOFING AND REMODELING INC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
JUSTIFIED EXTERIORS
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Phillips West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1260
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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
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 1,845 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2605 COLUMBUS AVE MINNEAPOLIS MN 55407 | PLOTSKER FAMILY TRUST | TRIPLEX | $321,800 | 46 ft |
| 2609 COLUMBUS AVE MINNEAPOLIS MN 55407 | DAVID SCOTT GAMRADT | RESIDENTIAL-TWO UNIT | $345,800 | 91 ft |
| 731 26TH ST E MINNEAPOLIS MN 55404 | MICHAEL T GAUGHAN | RESIDENTIAL | $149,700 | 95 ft |
| 2615 COLUMBUS AVE MINNEAPOLIS MN 55407 | DANIEL M FERNANDEZ | RESIDENTIAL | $162,000 | 131 ft |
| 2606 CHICAGO AVE MINNEAPOLIS MN 55407 | MINN BIRTH CENTER PROPERTIES | COMMERCIAL-PREFERRED | $873,000 | 141 ft |
| 2600 CHICAGO AVE MINNEAPOLIS MN 55407 | JUAN ULISES MENDEZ | RESIDENTIAL-TWO UNIT | $261,300 | 156 ft |
| 2608 CHICAGO AVE MINNEAPOLIS MN 55407 | AGJRA LLC | RESIDENTIAL-TWO UNIT | $357,600 | 159 ft |
| 2617 COLUMBUS AVE MINNEAPOLIS MN 55407 | PAUL SACTA | RESIDENTIAL-TWO UNIT | $286,600 | 171 ft |
| 2612 CHICAGO AVE MINNEAPOLIS MN 55407 | DAVID C SPARTZ | RESIDENTIAL | $164,900 | 188 ft |
| 2621 COLUMBUS AVE MINNEAPOLIS MN 55407 | ST CROIX LOFTS LLC | RESIDENTIAL-TWO UNIT | $278,100 | 211 ft |
Most Recent Sale
Current Tax Year