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.
2 permits on record since 2017 · $9K total declared value · Most recent: Nov 2023 (misc)
ABEL'S CONCRETE AND CONSTRUCTION
MINNEAPOLIS-ST. PAUL PLUMBING, HEATING & AIR
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 2,440 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2924 PARK AVE MINNEAPOLIS MN 55407 | ROBERT EVEREST | RESIDENTIAL-TWO UNIT | $243,300 | 41 ft |
| 2930 PARK AVE MINNEAPOLIS MN 55407 | JON M BARTELT | RESIDENTIAL | $440,000 | 82 ft |
| 2916 PARK AVE MINNEAPOLIS MN 55407 | ZINSMASTER LTD PTSHP (CO-OP) | LOW INCOME RENTAL | $2,012,000 | 86 ft |
| 2932 PARK AVE MINNEAPOLIS MN 55407 | 2932 PARK AVENUE LLC | RESIDENTIAL-TWO UNIT | $420,500 | 124 ft |
| 2923 OAKLAND AVE MINNEAPOLIS MN 55407 | OAKLAND PROPERTIES LLC | COMMERCIAL-PREFERRED | $399,000 | 130 ft |
| 2927 OAKLAND AVE MINNEAPOLIS MN 55407 | FRANKIE RICHARDSON | RESIDENTIAL-TWO UNIT | $257,000 | 137 ft |
| 2929 OAKLAND AVE MINNEAPOLIS MN 55407 | DAVID QUITO | RESIDENTIAL-TWO UNIT | $270,600 | 155 ft |
| 2938 PARK AVE MINNEAPOLIS MN 55407 | JOSE M R ORELLANA ET AL | RESIDENTIAL-TWO UNIT | $263,300 | 165 ft |
| 2933 OAKLAND AVE MINNEAPOLIS MN 55407 | O D G ARTIEDA/B M A MONTEROS | RESIDENTIAL-TWO UNIT | $281,100 | 181 ft |
| 2900 PARK AVE MINNEAPOLIS MN 55407 | ZINSMASTER LTD PTSHP (CO-OP) | LOW INCOME RENTAL | $2,258,000 | 195 ft |
Most Recent Sale
Current Tax Year