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 ↗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.
No permits found in Minneapolis open data for this parcel.
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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 sfr / adu benchmarks for 1,016 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2601 PORTLAND AVE MINNEAPOLIS MN 55407 | E LARSEN & K WRIGHT | TRIPLEX | $518,700 | 85 ft |
| 2609 PORTLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $729,000 | 109 ft |
| 2600 OAKLAND AVE MINNEAPOLIS MN 55407 | SHAWN E CUMBER | CONDOMINIUM | $176,000 | 115 ft |
| 2600 OAKLAND AVE MINNEAPOLIS MN 55407 | DOROTHY A COLLINS | CONDOMINIUM | $159,000 | 115 ft |
| 2602 OAKLAND AVE MINNEAPOLIS MN 55407 | MARY LEE PETERSON | CONDOMINIUM | $176,000 | 115 ft |
| 2602 OAKLAND AVE MINNEAPOLIS MN 55407 | BYRON LEE | CONDOMINIUM | $154,000 | 115 ft |
| 2606 OAKLAND AVE MINNEAPOLIS MN 55407 | NORA K KOTVIS | CONDOMINIUM | $172,000 | 115 ft |
| 2606 OAKLAND AVE MINNEAPOLIS MN 55407 | P GALLION & C B JACKSON | RESIDENTIAL | $159,000 | 115 ft |
| 2608 OAKLAND AVE MINNEAPOLIS MN 55407 | MARY M SANDSTROM | CONDOMINIUM | $172,000 | 115 ft |
| 2608 OAKLAND AVE MINNEAPOLIS MN 55407 | RAYMOND KNAPP | CONDOMINIUM | $168,000 | 115 ft |
Most Recent Sale
Current Tax Year