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 ↗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.
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 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 5-over-1 podium (12–50 units) benchmarks for 12,083 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2649 PARK AVE MINNEAPOLIS MN 55407 | RIVERLINE CORPORATION | COMMERCIAL-PREFERRED | $1,400,000 | 75 ft |
| 2625 PARK AVE MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | APARTMENT | $5,118,000 | 108 ft |
| 2701 PARK AVE MINNEAPOLIS MN 55407 | 2701 PARK AVE LLC | LOW INCOME RENTAL | $1,426,000 | 213 ft |
| 2631 COLUMBUS AVE MINNEAPOLIS MN 55407 | 2736 LLC | APARTMENT | $2,894,000 | 250 ft |
| 2645 COLUMBUS AVE MINNEAPOLIS MN 55407 | JAMES WATSON | RESIDENTIAL | $252,800 | 250 ft |
| 2649 COLUMBUS AVE MINNEAPOLIS MN 55407 | CALAH K DELAURENTIS | RESIDENTIAL-TWO UNIT | $294,000 | 262 ft |
| 2709 PARK AVE MINNEAPOLIS MN 55407 | ISLES 2709 LLC | APARTMENT | $1,951,000 | 288 ft |
| 2625 COLUMBUS AVE MINNEAPOLIS MN 55407 | STANLEY ALCENAT | APARTMENT | $448,000 | 296 ft |
| 2623 COLUMBUS AVE MINNEAPOLIS MN 55407 | NICHOLAS D BATES | RESIDENTIAL | $155,000 | 317 ft |
| 2615 PARK AVE MINNEAPOLIS MN 55407 | 2615 PARK AVE ASSN (CO-OP) | COOPERATIVE HOUSING | $82,000 | 325 ft |
Most Recent Sale
Current Tax Year