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 ↗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 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 ↗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.
3 permits on record since 2021 · $30K total declared value · Most recent: Sep 2023 (misc)
BUDGET CONSTRUCTION LLC
Warners Stellian Co Inc
TRINITY EXTERIORS 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 2 — moderate-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 1,755 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2710 15TH AVE S MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL | $220,000 | 30 ft |
| 2714 15TH AVE S MINNEAPOLIS MN 55407 | M V CELA MAYLLAZHUNGO ET AL | RESIDENTIAL | $292,400 | 45 ft |
| 2708 15TH AVE S MINNEAPOLIS MN 55407 | S VARUNA/S WALDORF/H RIMPILA | VACANT LAND-RESIDENTIAL | $13,000 | 60 ft |
| 2706 15TH AVE S MINNEAPOLIS MN 55407 | S VARUNA/S WALDORF/H RIMPILA | RESIDENTIAL-TWO UNIT | $244,300 | 90 ft |
| 2718 15TH AVE S MINNEAPOLIS MN 55407 | L M ZAMORA/M C MAYLLAZHUNGO | VACANT LAND-RESIDENTIAL | $25,000 | 99 ft |
| 2704 15TH AVE S MINNEAPOLIS MN 55407 | KLEBER R A BARBECHO ET AL | RESIDENTIAL | $189,200 | 120 ft |
| 2713 14TH AVE S MINNEAPOLIS MN 55407 | ROBERTA M EBBERS | RESIDENTIAL | $274,300 | 142 ft |
| 2720 15TH AVE S MINNEAPOLIS MN 55407 | SILVINA MORALES CHAVEZ | RESIDENTIAL-TWO UNIT | $271,400 | 142 ft |
| 2711 14TH AVE S MINNEAPOLIS MN 55407 | JUAN ROBLES | RESIDENTIAL | $239,900 | 144 ft |
| 2709 14TH AVE S MINNEAPOLIS MN 55407 | QUINTIN MARTIN GALINDO MENA | RESIDENTIAL-TWO UNIT | $307,200 | 153 ft |
Most Recent Sale
Current Tax Year