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 ↗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 ↗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 · $25K total declared value · Most recent: Feb 2025 (roofwind)
Yorway Custom Homes
WESTMAN PLUMBING INC
MV BUILDERS LLC
NORTHRUP REMODELING
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 3-story wood frame (5–12 units) benchmarks for 4,064 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2931 PORTLAND AVE MINNEAPOLIS MN 55407 | FELIX ANTONIO SINCHI BARROS | RESIDENTIAL-TWO UNIT | $472,900 | 53 ft |
| 2943 PORTLAND AVE MINNEAPOLIS MN 55407 | JAMAL OSMAN & ILO AMBA | RESIDENTIAL | $328,000 | 62 ft |
| 2925 PORTLAND AVE MINNEAPOLIS MN 55407 | 2925 PORTLAND AVENUE LLC | RESIDENTIAL-TWO UNIT | $283,100 | 96 ft |
| 2947 PORTLAND AVE MINNEAPOLIS MN 55407 | R E C GUAMAN/M A G CANAR | RESIDENTIAL-TWO UNIT | $430,100 | 113 ft |
| 2934 OAKLAND AVE MINNEAPOLIS MN 55407 | CORY CTVRTNIK | RESIDENTIAL-TWO UNIT | $430,800 | 131 ft |
| 2938 OAKLAND AVE MINNEAPOLIS MN 55407 | C HERNANDEZ-PAYAN & M P RUIZ | RESIDENTIAL-TWO UNIT | $392,300 | 133 ft |
| 2919 PORTLAND AVE MINNEAPOLIS MN 55407 | JOEL POUALEU | RESIDENTIAL-TWO UNIT | $422,600 | 135 ft |
| 2942 OAKLAND AVE MINNEAPOLIS MN 55407 | EQUITRON HOLDINGS LLC | COMMERCIAL-PREFERRED | $355,000 | 148 ft |
| 2922 OAKLAND AVE MINNEAPOLIS MN 55407 | GARY W COOK | RESIDENTIAL | $681,000 | 161 ft |
| 2955 PORTLAND AVE MINNEAPOLIS MN 55407 | S M ARCE & V M A PASTRANA | COMMERCIAL-PREFERRED | $457,800 | 174 ft |
Most Recent Sale
Current Tax Year