Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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.
7 permits on record since 2017 · $9.7M total declared value · Most recent: Feb 2026 (remodel)
Bauer Services II, Inc
MOORHEAD MACHINERY AND BOILER CO
Go Fetsch Mechanical LLC
United States Mechanical Inc
United States Mechanical Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2722 PARK AVE MINNEAPOLIS MN 55407 | COSMOPOLITAN BUS PROP LLC | COMMERCIAL-PREFERRED | $1,530,000 | 149 ft |
| 621 27TH ST E MINNEAPOLIS MN 55407 | JOSEPH SELVAGGIO INT LTD PTN | LOW INCOME RENTAL | $497,000 | 224 ft |
| 2710 OAKLAND AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $71,000 | 246 ft |
| 2712 OAKLAND AVE MINNEAPOLIS MN 55407 | LEAH A HINIKER | RESIDENTIAL-TWO UNIT | $287,800 | 251 ft |
| 2718 OAKLAND AVE MINNEAPOLIS MN 55407 | BRANDON JOHN STEWART | RESIDENTIAL | $170,000 | 262 ft |
| 2742 PARK AVE MINNEAPOLIS MN 55407 | COSMOPOLITAN BUS PROP LLC | LAND-COMMERCIAL | $649,300 | 271 ft |
| 2720 OAKLAND AVE MINNEAPOLIS MN 55407 | LOWERY BECK SMITH R E LLC | RESIDENTIAL | $136,000 | 279 ft |
| 615 27TH ST E MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $497,000 | 284 ft |
| 2644 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $501,000 | 292 ft |
| 2724 OAKLAND AVE MINNEAPOLIS MN 55407 | E S C HICAY & E Z TAZA | RESIDENTIAL | $198,000 | 300 ft |