Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 ↗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.
No permits found in Minneapolis open data for this parcel.
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
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2628 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $197,000 | 243 ft |
| 2632 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $350,900 | 247 ft |
| 2624 OAKLAND AVE MINNEAPOLIS MN 55407 | STEVEN P MARTINSON | RESIDENTIAL | $208,000 | 248 ft |
| 2636 OAKLAND AVE MINNEAPOLIS MN 55407 | LUIS MOLINA | APARTMENT | $503,000 | 260 ft |
| 2640 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $468,000 | 278 ft |
| 2644 OAKLAND AVE MINNEAPOLIS MN 55407 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $501,000 | 290 ft |
| 2600 PARK AVE MINNEAPOLIS MN 55407 | AMERICAN SWEDISH INSTITUTE | COMMERCIAL-PREFERRED | $0 | 291 ft |
| 2600 OAKLAND AVE MINNEAPOLIS MN 55407 | SHAWN E CUMBER | CONDOMINIUM | $176,000 | 320 ft |
| 2600 OAKLAND AVE MINNEAPOLIS MN 55407 | DOROTHY A COLLINS | CONDOMINIUM | $159,000 | 320 ft |
| 2602 OAKLAND AVE MINNEAPOLIS MN 55407 | MARY LEE PETERSON | CONDOMINIUM | $176,000 | 320 ft |
Current Tax Year