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 ↗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.
1 permit on record since 2024 · $1.1M total declared value · Most recent: Aug 2024 (remodel)
(Solar Work) Apadana LLC
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
Setbacks
Estimated Buildable Footprint
Lot dimensions are insufficient for the standard setbacks shown.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2851 CHICAGO AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 67 ft |
| 2901 CHICAGO AVE MINNEAPOLIS MN 55407 | INT'L MGMT LLC | COMMERCIAL-PREFERRED | $2,366,700 | 179 ft |
| 2801 CHICAGO AVE MINNEAPOLIS MN 55407 | ALLINA HEALTH SYSTEM | COMMERCIAL-PREFERRED | $725,500 | 251 ft |
| 2840 CHICAGO AVE MINNEAPOLIS MN 55407 | KW & DUCE REAL ESTATE LLC | COMMERCIAL-PREFERRED | $520,000 | 283 ft |
| 2864 CHICAGO AVE MINNEAPOLIS MN 55407 | ALI BARBARAWI | LAND-COMMERCIAL | $146,000 | 309 ft |
| 2851 ELLIOT AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 326 ft |
| 2902 CHICAGO AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO PROPERTIES LLC | COMMERCIAL-PREFERRED | $520,000 | 340 ft |
| 2843 COLUMBUS AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 341 ft |
| 2845 COLUMBUS AVE MINNEAPOLIS MN 55407 | KW AND DUCE REAL ESTATE LLC | LAND-COMMERCIAL | $101,100 | 361 ft |
| 2804 CHICAGO AVE MINNEAPOLIS MN 55407 | HSRE MN MIDTOWN 2800 LLC | COMMERCIAL-PREFERRED | $985,500 | 374 ft |
Current Tax Year