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.
3 permits on record since 2017 · $21K total declared value · Most recent: Sep 2023 (commfdrr)
Associated Mechanical Contractors Inc
United States Mechanical Inc
RAYCO CONSTRUCTION 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 sfr / adu benchmarks for 850 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2644 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $501,000 | 59 ft |
| 2640 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $468,000 | 62 ft |
| 2653 PORTLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $508,000 | 97 ft |
| 2636 OAKLAND AVE MINNEAPOLIS MN 55407 | LUIS MOLINA | APARTMENT | $503,000 | 101 ft |
| 2637 PORTLAND AVE MINNEAPOLIS MN 55407 | W MOLINA & L P T LAZO | RESIDENTIAL | $378,000 | 133 ft |
| 615 27TH ST E MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $497,000 | 134 ft |
| 621 27TH ST E MINNEAPOLIS MN 55407 | JOSEPH SELVAGGIO INT LTD PTN | LOW INCOME RENTAL | $497,000 | 148 ft |
| 2632 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $350,900 | 148 ft |
| 611 27TH ST E MINNEAPOLIS MN 55407 | JORGE R RIVAS | RESIDENTIAL-TWO UNIT | $324,300 | 156 ft |
| 2633 PORTLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $287,700 | 171 ft |
Most Recent Sale
Current Tax Year