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.
3 permits on record since 2018 · $4K total declared value · Most recent: Dec 2025 (misc)
Daniel Fernandez
Urban Pine Plumbing and Mechanical Inc
SCOTT THEILBAR O C INSTALLS LLC
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
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 2,486 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2609 COLUMBUS AVE MINNEAPOLIS MN 55407 | DAVID SCOTT GAMRADT | RESIDENTIAL-TWO UNIT | $345,800 | 40 ft |
| 2617 COLUMBUS AVE MINNEAPOLIS MN 55407 | PAUL SACTA | RESIDENTIAL-TWO UNIT | $286,600 | 40 ft |
| 2621 COLUMBUS AVE MINNEAPOLIS MN 55407 | ST CROIX LOFTS LLC | RESIDENTIAL-TWO UNIT | $278,100 | 80 ft |
| 2605 COLUMBUS AVE MINNEAPOLIS MN 55407 | PLOTSKER FAMILY TRUST | TRIPLEX | $321,800 | 85 ft |
| 2623 COLUMBUS AVE MINNEAPOLIS MN 55407 | NICHOLAS D BATES | RESIDENTIAL | $155,000 | 117 ft |
| 2601 COLUMBUS AVE MINNEAPOLIS MN 55407 | N L MILLER & M J MILLER | TRIPLEX | $464,900 | 131 ft |
| 2612 CHICAGO AVE MINNEAPOLIS MN 55407 | DAVID C SPARTZ | RESIDENTIAL | $164,900 | 135 ft |
| 2616 CHICAGO AVE MINNEAPOLIS MN 55407 | SEGUNDO J BALVOA DUCHI | RESIDENTIAL-TWO UNIT | $335,400 | 141 ft |
| 2608 CHICAGO AVE MINNEAPOLIS MN 55407 | AGJRA LLC | RESIDENTIAL-TWO UNIT | $357,600 | 142 ft |
| 2620 CHICAGO AVE MINNEAPOLIS MN 55407 | LEIF JONASSON | RESIDENTIAL-TWO UNIT | $395,700 | 158 ft |
Most Recent Sale
Current Tax Year