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 the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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.
4 permits on record since 2018 · $6K total declared value · Most recent: Mar 2024 (misc)
Bison Builders Inc
CenterPoint Energy Resource Corp
Johnson Plumbing and Heating Co
NEIL HEATING AND AIR CONDITIONING 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 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 2,442 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2945 OAKLAND AVE MINNEAPOLIS MN 55407 | L L BELTRAN & M S ARROYO | RESIDENTIAL | $278,800 | 41 ft |
| 2937 OAKLAND AVE MINNEAPOLIS MN 55407 | MOHAMMAD W HUSSAIN | RESIDENTIAL | $260,900 | 41 ft |
| 2933 OAKLAND AVE MINNEAPOLIS MN 55407 | O D G ARTIEDA/B M A MONTEROS | RESIDENTIAL-TWO UNIT | $281,100 | 82 ft |
| 624 LAKE ST E MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | COMMERCIAL-PREFERRED | $458,000 | 106 ft |
| 620 LAKE ST E MINNEAPOLIS MN 55407 | C J HODSDON & E R HODSDON | COMMERCIAL-PREFERRED | $94,900 | 107 ft |
| 2929 OAKLAND AVE MINNEAPOLIS MN 55407 | DAVID QUITO | RESIDENTIAL-TWO UNIT | $270,600 | 123 ft |
| 2942 PARK AVE MINNEAPOLIS MN 55407 | LONNY DOUB | RESIDENTIAL-TWO UNIT | $293,300 | 130 ft |
| 2946 PARK AVE MINNEAPOLIS MN 55407 | EMILIANO D MORAL Y SANDOVAL | TRIPLEX | $377,600 | 136 ft |
| 2938 PARK AVE MINNEAPOLIS MN 55407 | JOSE M R ORELLANA ET AL | RESIDENTIAL-TWO UNIT | $263,300 | 137 ft |
| 2932 PARK AVE MINNEAPOLIS MN 55407 | 2932 PARK AVENUE LLC | RESIDENTIAL-TWO UNIT | $420,500 | 155 ft |
Most Recent Sale
Current Tax Year