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.
3 permits on record since 2018 · $13K total declared value · Most recent: Mar 2026 (misc)
BAYPORT ROOFING AND SIDING LLC
THE K CORPORATION INC
BOYS MECHANICAL 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
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 small multifamily (2–4 units, wood frame) benchmarks for 2,688 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2649 15TH AVE S MINNEAPOLIS MN 55407 | CHRISTOPHER & JESSICA SPELTZ | RESIDENTIAL | $220,000 | 44 ft |
| 2645 15TH AVE S MINNEAPOLIS MN 55407 | MARTHA & TOMMY CARPENTER | RESIDENTIAL | $234,600 | 85 ft |
| 2701 15TH AVE S MINNEAPOLIS MN 55407 | MOOSE INVESTMENTS LLC | APARTMENT | $987,000 | 112 ft |
| 2641 15TH AVE S MINNEAPOLIS MN 55407 | RYAN M HANSON/KAREN O'BRYAN | RESIDENTIAL | $305,700 | 127 ft |
| 2652 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 2652 BLOOMINGTON AVE S LLC | LOW INCOME RENTAL | $1,398,000 | 139 ft |
| 2644 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | BELEN G CUATE-GONZALEZ | RESIDENTIAL | $186,800 | 165 ft |
| 2637 15TH AVE S MINNEAPOLIS MN 55407 | A L JOHNSON & J G BITHER | RESIDENTIAL | $433,000 | 169 ft |
| 2707 15TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 171 ft |
| 2652 15TH AVE S MINNEAPOLIS MN 55407 | CONNIE L RODACKER MERRELL | RESIDENTIAL | $149,000 | 184 ft |
| 2650 15TH AVE S MINNEAPOLIS MN 55407 | JUANA M SIMBAINA MOROCHO | RESIDENTIAL-TWO UNIT | $247,300 | 186 ft |
Most Recent Sale
Current Tax Year