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.
No permits found in Minneapolis open data for this parcel.
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 2,609 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2649 15TH AVE S MINNEAPOLIS MN 55407 | CHRISTOPHER & JESSICA SPELTZ | RESIDENTIAL | $220,000 | 42 ft |
| 2641 15TH AVE S MINNEAPOLIS MN 55407 | RYAN M HANSON/KAREN O'BRYAN | RESIDENTIAL | $305,700 | 42 ft |
| 2637 15TH AVE S MINNEAPOLIS MN 55407 | A L JOHNSON & J G BITHER | RESIDENTIAL | $433,000 | 84 ft |
| 2655 15TH AVE S MINNEAPOLIS MN 55407 | MARIA J MOROCHO ZHUNGO | RESIDENTIAL-TWO UNIT | $366,100 | 85 ft |
| 2633 15TH AVE S MINNEAPOLIS MN 55407 | LUIS EMIGDIO ROMERO NARANJO | RESIDENTIAL-TWO UNIT | $324,700 | 125 ft |
| 2644 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | BELEN G CUATE-GONZALEZ | RESIDENTIAL | $186,800 | 136 ft |
| 2640 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JUVENTINO HERNANDEZ | RESIDENTIAL | $238,800 | 143 ft |
| 2652 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 2652 BLOOMINGTON AVE S LLC | LOW INCOME RENTAL | $1,398,000 | 147 ft |
| 2636 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 160 ft |
| 2629 15TH AVE S MINNEAPOLIS MN 55407 | G A C MESTIZO | RESIDENTIAL | $214,900 | 167 ft |
Most Recent Sale
Current Tax Year