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.
5 permits on record since 2017 · $50K total declared value · Most recent: Feb 2020 (tempheat)
Faircon Service Co
Faircon Service Co
Faircon Service Co
Berg Plumbing and Heating Inc
Lilia Zagal Reyna
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 3 — medium-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 2,448 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2919 PORTLAND AVE MINNEAPOLIS MN 55407 | JOEL POUALEU | RESIDENTIAL-TWO UNIT | $422,600 | 40 ft |
| 2931 PORTLAND AVE MINNEAPOLIS MN 55407 | FELIX ANTONIO SINCHI BARROS | RESIDENTIAL-TWO UNIT | $472,900 | 43 ft |
| 2935 PORTLAND AVE MINNEAPOLIS MN 55407 | BIG OLE PROPERTIES LLC | TRIPLEX | $392,800 | 96 ft |
| 2915 PORTLAND AVE MINNEAPOLIS MN 55407 | KELBRO COMPANY | INDUSTRIAL-PREFERRED | $800,000 | 120 ft |
| 2922 OAKLAND AVE MINNEAPOLIS MN 55407 | GARY W COOK | RESIDENTIAL | $681,000 | 130 ft |
| 2934 OAKLAND AVE MINNEAPOLIS MN 55407 | CORY CTVRTNIK | RESIDENTIAL-TWO UNIT | $430,800 | 155 ft |
| 2943 PORTLAND AVE MINNEAPOLIS MN 55407 | JAMAL OSMAN & ILO AMBA | RESIDENTIAL | $328,000 | 158 ft |
| 2938 OAKLAND AVE MINNEAPOLIS MN 55407 | C HERNANDEZ-PAYAN & M P RUIZ | RESIDENTIAL-TWO UNIT | $392,300 | 181 ft |
| 2947 PORTLAND AVE MINNEAPOLIS MN 55407 | R E C GUAMAN/M A G CANAR | RESIDENTIAL-TWO UNIT | $430,100 | 209 ft |
| 2942 OAKLAND AVE MINNEAPOLIS MN 55407 | EQUITRON HOLDINGS LLC | COMMERCIAL-PREFERRED | $355,000 | 211 ft |
Most Recent Sale
Current Tax Year