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 ↗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.
5 permits on record since 2019 · $123K total declared value · Most recent: Aug 2023 (commfdrr)
Associated Mechanical Contractors Inc
United States Mechanical Inc
United States Mechanical 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 6,933 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2637 PORTLAND AVE MINNEAPOLIS MN 55407 | W MOLINA & L P T LAZO | RESIDENTIAL | $378,000 | 75 ft |
| 610 27TH ST E MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $501,000 | 97 ft |
| 2633 PORTLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $287,700 | 123 ft |
| 2640 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $468,000 | 136 ft |
| 611 27TH ST E MINNEAPOLIS MN 55407 | JORGE R RIVAS | RESIDENTIAL-TWO UNIT | $324,300 | 145 ft |
| 2636 OAKLAND AVE MINNEAPOLIS MN 55407 | LUIS MOLINA | APARTMENT | $503,000 | 151 ft |
| 2644 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $501,000 | 155 ft |
| 2631 PORTLAND AVE MINNEAPOLIS MN 55407 | JON S DEVAAL | RESIDENTIAL | $308,000 | 171 ft |
| 2632 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $350,900 | 180 ft |
| 615 27TH ST E MINNEAPOLIS MN 55407 | J SELVAGGIO INIT LTD PTRNSHP | LOW INCOME RENTAL | $497,000 | 181 ft |
Most Recent Sale
Current Tax Year