ParcelLens
Property Intelligence · Twin Cities
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Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 ↗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.
1 permit on record since 2022 · Most recent: Apr 2022 (res)
CenterPoint Energy Resource Corp
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
Urban Neighborhood 2 — moderate-density 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 3,219 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2732 OAKLAND AVE MINNEAPOLIS MN 55407 | JULIA WANG | RESIDENTIAL-TWO UNIT | $378,200 | 48 ft |
| 2740 OAKLAND AVE MINNEAPOLIS MN 55407 | ELL PROPERTIES LLC | APARTMENT | $436,000 | 48 ft |
| 2728 OAKLAND AVE MINNEAPOLIS MN 55407 | D E & K L WANGEN | RESIDENTIAL-TWO UNIT | $317,300 | 96 ft |
| 2748 OAKLAND AVE MINNEAPOLIS MN 55407 | ABBOTT-NORTHWESTERN HOSP INC | LAND-COMMERCIAL | $0 | 120 ft |
| 2733 PORTLAND AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO II L P | LOW INCOME RENTAL | $1,027,000 | 127 ft |
| 2741 PORTLAND AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INITIATIVE LP | LOW INCOME RENTAL | $376,900 | 134 ft |
| 2724 OAKLAND AVE MINNEAPOLIS MN 55407 | E S C HICAY & E Z TAZA | RESIDENTIAL | $198,000 | 141 ft |
| 2729 PORTLAND AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $407,000 | 157 ft |
| 2745 PORTLAND AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INITIATIVE L/P | LOW INCOME RENTAL | $443,000 | 158 ft |
| 2720 OAKLAND AVE MINNEAPOLIS MN 55407 | LOWERY BECK SMITH R E LLC | RESIDENTIAL | $136,000 | 182 ft |
Most Recent Sale
Current Tax Year