Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2022 · $5K total declared value · Most recent: Oct 2023 (misc)
Jose Miguel Lala Quito
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
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 small multifamily (2–4 units, wood frame) benchmarks for 2,702 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2729 COLUMBUS AVE MINNEAPOLIS MN 55407 | JAMES C ZALABSKY | APARTMENT | $385,000 | 42 ft |
| 2721 COLUMBUS AVE MINNEAPOLIS MN 55407 | S M KLANCKE & S L JOHNSON | APARTMENT | $342,000 | 42 ft |
| 2733 COLUMBUS AVE MINNEAPOLIS MN 55407 | JAMES C ZALABSKY | RESIDENTIAL-TWO UNIT | $263,900 | 83 ft |
| 2717 COLUMBUS AVE MINNEAPOLIS MN 55407 | BONNIE K PETERSON | RESIDENTIAL | $183,100 | 85 ft |
| 2737 COLUMBUS AVE MINNEAPOLIS MN 55407 | LILY JAHNER/JUSTIN JAHNER | RESIDENTIAL | $170,900 | 124 ft |
| 2715 COLUMBUS AVE MINNEAPOLIS MN 55407 | LEETA SONG | RESIDENTIAL-TWO UNIT | $281,400 | 127 ft |
| 2724 CHICAGO AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $304,100 | 135 ft |
| 2726 CHICAGO AVE MINNEAPOLIS MN 55407 | CALVARY HOUSING LLC | APARTMENT | $491,000 | 141 ft |
| 2722 CHICAGO AVE MINNEAPOLIS MN 55407 | S M ARCE & V M ARIZA | TRIPLEX | $262,900 | 142 ft |
| 2732 CHICAGO AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $323,600 | 158 ft |
Most Recent Sale
Current Tax Year