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 ↗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 ↗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.
2 permits on record since 2018 · $8K total declared value · Most recent: Oct 2020 (commercial multi-family)
BURNOMATIC
CENTERPOINT ENERGY
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 2,701 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2725 COLUMBUS AVE MINNEAPOLIS MN 55407 | JOSE M LALA QUITO | RESIDENTIAL | $204,200 | 42 ft |
| 2717 COLUMBUS AVE MINNEAPOLIS MN 55407 | BONNIE K PETERSON | RESIDENTIAL | $183,100 | 43 ft |
| 2729 COLUMBUS AVE MINNEAPOLIS MN 55407 | JAMES C ZALABSKY | APARTMENT | $385,000 | 84 ft |
| 2715 COLUMBUS AVE MINNEAPOLIS MN 55407 | LEETA SONG | RESIDENTIAL-TWO UNIT | $281,400 | 85 ft |
| 2733 COLUMBUS AVE MINNEAPOLIS MN 55407 | JAMES C ZALABSKY | RESIDENTIAL-TWO UNIT | $263,900 | 125 ft |
| 2722 CHICAGO AVE MINNEAPOLIS MN 55407 | S M ARCE & V M ARIZA | TRIPLEX | $262,900 | 135 ft |
| 2724 CHICAGO AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $304,100 | 141 ft |
| 2718 CHICAGO AVE MINNEAPOLIS MN 55407 | PN20, LLC | APARTMENT | $503,000 | 142 ft |
| 2726 CHICAGO AVE MINNEAPOLIS MN 55407 | CALVARY HOUSING LLC | APARTMENT | $491,000 | 158 ft |
| 2714 CHICAGO AVE MINNEAPOLIS MN 55407 | ANDREW & BROOKE E FAUDREE | RESIDENTIAL-TWO UNIT | $425,900 | 161 ft |
Most Recent Sale
Current Tax Year