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.
6 permits on record since 2000 · $1.3M total declared value · Most recent: Dec 2024 (commercial minor)
Barr Web Industries Inc
Barr Web Industries Inc
Kennedy Property Development LLC
Binder Heating and Air Conditioning Inc
JAYHAWK MECHANICAL INC
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
Urban Neighborhood 2 — moderate-density 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 6,045 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2715 PORTLAND AVE MINNEAPOLIS MN 55407 | TRUDY WHITE | RESIDENTIAL | $156,000 | 61 ft |
| 2729 PORTLAND AVE MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $407,000 | 63 ft |
| 2713 PORTLAND AVE MINNEAPOLIS MN 55407 | ZEYNAB ADBULLE | RESIDENTIAL-TWO UNIT | $243,600 | 102 ft |
| 2720 OAKLAND AVE MINNEAPOLIS MN 55407 | LOWERY BECK SMITH R E LLC | RESIDENTIAL | $136,000 | 126 ft |
| 2724 OAKLAND AVE MINNEAPOLIS MN 55407 | E S C HICAY & E Z TAZA | RESIDENTIAL | $198,000 | 126 ft |
| 2733 PORTLAND AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO II L P | LOW INCOME RENTAL | $1,027,000 | 135 ft |
| 2728 OAKLAND AVE MINNEAPOLIS MN 55407 | D E & K L WANGEN | RESIDENTIAL-TWO UNIT | $317,300 | 139 ft |
| 2718 OAKLAND AVE MINNEAPOLIS MN 55407 | BRANDON JOHN STEWART | RESIDENTIAL | $170,000 | 139 ft |
| 2709 PORTLAND AVE MINNEAPOLIS MN 55407 | BETTER HOUSING LLC | TRIPLEX | $513,600 | 155 ft |
| 2712 OAKLAND AVE MINNEAPOLIS MN 55407 | LEAH A HINIKER | RESIDENTIAL-TWO UNIT | $287,800 | 161 ft |
Current Tax Year