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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
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
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 2,459 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2925 PARK AVE MINNEAPOLIS MN 55407 | BLANCA ARTIEDA | TRIPLEX | $417,200 | 41 ft |
| 2933 PARK AVE MINNEAPOLIS MN 55407 | JSW PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $394,300 | 41 ft |
| 2921 PARK AVE MINNEAPOLIS MN 55407 | B & M ESTATES LLC | RESIDENTIAL-TWO UNIT | $282,700 | 81 ft |
| 2935 PARK AVE MINNEAPOLIS MN 55407 | JUST RENT LLC | LOW INCOME RENTAL | $291,000 | 82 ft |
| 2915 PARK AVE MINNEAPOLIS MN 55407 | GLORIA TERESA GUAMAN LEMA | RESIDENTIAL | $196,000 | 121 ft |
| 2926 COLUMBUS AVE MINNEAPOLIS MN 55407 | K D RAUSCHENDORFER ET AL | RESIDENTIAL | $253,500 | 130 ft |
| 2930 COLUMBUS AVE MINNEAPOLIS MN 55407 | CARLOS R GUACHUN GUACHUN | RESIDENTIAL | $273,000 | 136 ft |
| 2924 COLUMBUS AVE MINNEAPOLIS MN 55407 | ADRIAN PEERS | RESIDENTIAL | $218,900 | 137 ft |
| 2934 COLUMBUS AVE MINNEAPOLIS MN 55407 | INTERMACO | LAND-COMMERCIAL | $87,600 | 153 ft |
| 2918 COLUMBUS AVE MINNEAPOLIS MN 55407 | P VANG & C THAO | RESIDENTIAL | $206,400 | 154 ft |
Most Recent Sale
Current Tax Year