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 ↗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.
19 permits on record since 2017 · $13.1M total declared value · Most recent: Mar 2026 (commercial minor)
Metropolitan Mechanical Contractors
M . A . MORTENSON
Gilbert Mechanical Contractors LLC
Gilbert Mechanical Contractors LLC
Metropolitan Mechanical Contractors
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 mid-rise concrete (50+ units) benchmarks for 116,369 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2819 10TH AVE S MINNEAPOLIS MN 55407 | ALEXANDER LEE/KARIN STRICKER | RESIDENTIAL | $143,000 | 267 ft |
| 2815 10TH AVE S MINNEAPOLIS MN 55407 | J R L LUNA & D C R PAIBA | RESIDENTIAL | $335,200 | 282 ft |
| 2801 CHICAGO AVE MINNEAPOLIS MN 55407 | ALLINA HEALTH SYSTEM | COMMERCIAL-PREFERRED | $725,500 | 291 ft |
| 2811 10TH AVE S MINNEAPOLIS MN 55407 | NICOLE A LINDGREN | RESIDENTIAL | $188,000 | 299 ft |
| 2851 ELLIOT AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 306 ft |
| 1001 28TH ST E MINNEAPOLIS MN 55407 | EAST 28TH STREET LLC | APARTMENT | $1,489,000 | 336 ft |
| 2828 11TH AVE S MINNEAPOLIS MN 55407 | CITY OF MPLS THROUGH PK BD | LAND-COMMERCIAL | $0 | 353 ft |
| 2818 11TH AVE S MINNEAPOLIS MN 55407 | STEPHEN TS KUNG | RESIDENTIAL | $182,600 | 404 ft |
| 2855 CHICAGO AVE MINNEAPOLIS MN 55407 | ALLINA HEALTH SYSTEM | LAND-COMMERCIAL | $0 | 405 ft |
| 2812 11TH AVE S MINNEAPOLIS MN 55407 | J V QUITO & C E PAREDES | APARTMENT | $486,000 | 419 ft |
Current Tax Year