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 7 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 2022 · $18.6M total declared value · Most recent: Dec 2022 (commfdnr)
Harty Mechanical Inc
Harty Mechanical Inc
Harty Mechanical Inc
Frana Companies Inc
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
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 26,988 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2846 12TH AVE S MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 98 ft |
| 2847 11TH AVE S MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 102 ft |
| 2830 12TH AVE S MINNEAPOLIS MN 55407 | MIRE HERSI & DEEQA ALI | RESIDENTIAL | $351,000 | 108 ft |
| 2827 11TH AVE S MINNEAPOLIS MN 55407 | MARIA C SAETEROS ZAMORA | TRIPLEX | $440,500 | 129 ft |
| 2828 12TH AVE S MINNEAPOLIS MN 55407 | CYNTHIA GEORGE | RESIDENTIAL | $162,000 | 135 ft |
| 2820 12TH AVE S MINNEAPOLIS MN 55407 | SAED GELLE | RESIDENTIAL-TWO UNIT | $416,500 | 179 ft |
| 2823 11TH AVE S MINNEAPOLIS MN 55407 | HARRY GREENBERG TRUST | RESIDENTIAL-TWO UNIT | $264,200 | 187 ft |
| 2853 11TH AVE S MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 194 ft |
| 2851 10TH AVE S MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 213 ft |
| 2818 12TH AVE S MINNEAPOLIS MN 55407 | CORNERSTONE DEVELOPMENT LLC | RESIDENTIAL-TWO UNIT | $262,600 | 225 ft |
Current Tax Year