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.
5 permits on record since 2017 · $32K total declared value · Most recent: Oct 2023 (misc)
Segundo J Balvoa Duchi
WOODCREST BUILDERS
Anything Plumbing and Heating LLC
Segundo Jose Balvoa Duchi
THIS N THAT REMODELING INC
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 2,655 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2620 CHICAGO AVE MINNEAPOLIS MN 55407 | LEIF JONASSON | RESIDENTIAL-TWO UNIT | $395,700 | 40 ft |
| 2612 CHICAGO AVE MINNEAPOLIS MN 55407 | DAVID C SPARTZ | RESIDENTIAL | $164,900 | 43 ft |
| 2624 CHICAGO AVE MINNEAPOLIS MN 55407 | LANNA TRINH | RESIDENTIAL | $242,000 | 75 ft |
| 2608 CHICAGO AVE MINNEAPOLIS MN 55407 | AGJRA LLC | RESIDENTIAL-TWO UNIT | $357,600 | 88 ft |
| 2606 CHICAGO AVE MINNEAPOLIS MN 55407 | MINN BIRTH CENTER PROPERTIES | COMMERCIAL-PREFERRED | $873,000 | 132 ft |
| 2617 COLUMBUS AVE MINNEAPOLIS MN 55407 | PAUL SACTA | RESIDENTIAL-TWO UNIT | $286,600 | 135 ft |
| 2621 COLUMBUS AVE MINNEAPOLIS MN 55407 | ST CROIX LOFTS LLC | RESIDENTIAL-TWO UNIT | $278,100 | 140 ft |
| 2615 COLUMBUS AVE MINNEAPOLIS MN 55407 | DANIEL M FERNANDEZ | RESIDENTIAL | $162,000 | 141 ft |
| 2623 COLUMBUS AVE MINNEAPOLIS MN 55407 | NICHOLAS D BATES | RESIDENTIAL | $155,000 | 154 ft |
| 2630 CHICAGO AVE MINNEAPOLIS MN 55407 | SERNEE LLC | APARTMENT | $1,967,000 | 154 ft |
Most Recent Sale
Current Tax Year