Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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.
2 permits on record since 2024 · Most recent: Aug 2025 (res)
SODERLIN PLUMBING HEATING AND AIR
Modern Home Services 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
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 1,754 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2748 CHICAGO AVE MINNEAPOLIS MN 55407 | PALLADIUM HOLDINGS LLC | RESIDENTIAL | $362,000 | 41 ft |
| 2744 CHICAGO AVE MINNEAPOLIS MN 55407 | T L ANDERSON & M J ANDERSON | RESIDENTIAL | $433,000 | 82 ft |
| 2740 CHICAGO AVE MINNEAPOLIS MN 55407 | SERKALEM DEMESSIE | RESIDENTIAL-TWO UNIT | $363,700 | 123 ft |
| 722 28TH ST E MINNEAPOLIS MN 55407 | ABUKAR ABDULKADIR ALI | RESIDENTIAL | $244,000 | 135 ft |
| 2749 COLUMBUS AVE MINNEAPOLIS MN 55407 | YAZMIN LOPEZ OCOTOXTLE | RESIDENTIAL-TWO UNIT | $301,100 | 141 ft |
| 2745 COLUMBUS AVE MINNEAPOLIS MN 55407 | HENRY TIRADO LITUMA | RESIDENTIAL | $183,800 | 157 ft |
| 2736 CHICAGO AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $324,200 | 164 ft |
| 2741 COLUMBUS AVE MINNEAPOLIS MN 55407 | KELLY E MUELLMAN ET AL | RESIDENTIAL | $322,700 | 182 ft |
| 2732 CHICAGO AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $323,600 | 205 ft |
| 2804 CHICAGO AVE MINNEAPOLIS MN 55407 | HSRE MN MIDTOWN 2800 LLC | COMMERCIAL-PREFERRED | $702,000 | 207 ft |
Most Recent Sale
Current Tax Year