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.
No permits found in Minneapolis open data for this parcel.
Midtown Phillips · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1258
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 2,640 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2941 11TH AVE S MINNEAPOLIS MN 55407 | MANUEL S JARA & CELIA PUMA | RESIDENTIAL-TWO UNIT | $260,600 | 40 ft |
| 2933 11TH AVE S MINNEAPOLIS MN 55407 | ISMAIL IBRAHIM | RESIDENTIAL | $168,000 | 40 ft |
| 2929 11TH AVE S MINNEAPOLIS MN 55407 | DANIEL & GLORIA AMASTAL | VACANT LAND-RESIDENTIAL | $28,000 | 80 ft |
| 2925 11TH AVE S MINNEAPOLIS MN 55407 | NOE G ARREGUIN | RESIDENTIAL-TWO UNIT | $185,500 | 120 ft |
| 1106 LAKE ST E MINNEAPOLIS MN 55407 | GRTR MPLS COUNCL OF CHURCHES | LAND-COMMERCIAL | $0 | 128 ft |
| 1100 LAKE ST E MINNEAPOLIS MN 55407 | GREATER MPLS COUNCIL CHRCHS | COMMERCIAL-PREFERRED | $0 | 135 ft |
| 1108 LAKE ST E MINNEAPOLIS MN 55407 | DEM PROPERTIES LLC | COMMERCIAL-PREFERRED | $546,000 | 137 ft |
| 2936 12TH AVE S MINNEAPOLIS MN 55407 | VICTOR RAMIREZ ROMERO | RESIDENTIAL | $215,600 | 141 ft |
| 2932 12TH AVE S MINNEAPOLIS MN 55407 | LUIS QUIZPHI PAUCAR | RESIDENTIAL-TWO UNIT | $289,600 | 147 ft |
| 2940 12TH AVE S MINNEAPOLIS MN 55407 | KEVIN KOLSTAD | COMMERCIAL-PREFERRED | $357,000 | 147 ft |
Most Recent Sale
Current Tax Year