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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
4 permits on record since 2017 · $58K total declared value · Most recent: Oct 2023 (roofwind)
Gopher Roofing and Restoration Inc
Edward Sandor
Pronto Heating & Air Conditioning Inc
WILLIAM SCHMITZ III REMODELING 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 sfr / adu benchmarks for 241 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2644 CHICAGO AVE MINNEAPOLIS MN 55407 | ZANZIBAR FINANCING INC | APARTMENT | $2,531,000 | 85 ft |
| 739 27TH ST E MINNEAPOLIS MN 55407 | KIRA K MOSTAD/HOWARD MOSTAD | APARTMENT | $504,000 | 102 ft |
| 2649 COLUMBUS AVE MINNEAPOLIS MN 55407 | CALAH K DELAURENTIS | RESIDENTIAL-TWO UNIT | $294,000 | 135 ft |
| 2645 COLUMBUS AVE MINNEAPOLIS MN 55407 | JAMES WATSON | RESIDENTIAL | $252,800 | 141 ft |
| 2704 CHICAGO AVE MINNEAPOLIS MN 55407 | HOWARD MOSTAD & KIRA MOSTAD | RESIDENTIAL | $278,400 | 145 ft |
| 2708 CHICAGO AVE MINNEAPOLIS MN 55407 | MOHAMED ADEN | RESIDENTIAL | $276,000 | 187 ft |
| 2631 COLUMBUS AVE MINNEAPOLIS MN 55407 | 2736 LLC | APARTMENT | $2,894,000 | 199 ft |
| 2705 COLUMBUS AVE MINNEAPOLIS MN 55407 | NEW LIFE GARDENS LLC | LOW INCOME RENTAL | $5,253,000 | 199 ft |
| 2630 CHICAGO AVE MINNEAPOLIS MN 55407 | SERNEE LLC | APARTMENT | $1,967,000 | 213 ft |
| 2714 CHICAGO AVE MINNEAPOLIS MN 55407 | ANDREW & BROOKE E FAUDREE | RESIDENTIAL-TWO UNIT | $425,900 | 228 ft |
Most Recent Sale
Current Tax Year