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.
2 permits on record since 2022 · $24K total declared value · Most recent: Sep 2023 (misc)
Twin Cities Home Solutions LLC
Window Nation 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
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 2,673 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2627 12TH AVE S MINNEAPOLIS MN 55407 | CLAUDIA SLOVACEK | RESIDENTIAL | $149,000 | 36 ft |
| 2621 12TH AVE S MINNEAPOLIS MN 55407 | S D Z LOJA & M N L QUIZHPI | RESIDENTIAL-TWO UNIT | $368,900 | 41 ft |
| 2629 12TH AVE S MINNEAPOLIS MN 55407 | E SCHMITTER & T SCHMITTER | RESIDENTIAL-TWO UNIT | $331,100 | 67 ft |
| 2617 12TH AVE S MINNEAPOLIS MN 55407 | MARIA MAINATO SANTOS | RESIDENTIAL-TWO UNIT | $389,300 | 82 ft |
| 2631 12TH AVE S MINNEAPOLIS MN 55407 | J RODNEY & J ARNOLD | RESIDENTIAL-TWO UNIT | $337,600 | 102 ft |
| 2615 12TH AVE S MINNEAPOLIS MN 55407 | SUSAN DUNLOP & J SCHMITT | RESIDENTIAL | $225,200 | 124 ft |
| 2626 13TH AVE S MINNEAPOLIS MN 55407 | OSCAR P PANI AREVALO | RESIDENTIAL | $262,000 | 141 ft |
| 2635 12TH AVE S MINNEAPOLIS MN 55407 | A L BIRT & H-C J KARLBERG | VACANT LAND-RESIDENTIAL | $42,000 | 142 ft |
| 2628 13TH AVE S MINNEAPOLIS MN 55407 | JENNIFER PESANTEZ | RESIDENTIAL | $236,100 | 145 ft |
| 2620 13TH AVE S MINNEAPOLIS MN 55407 | KAMILAH WILSON | RESIDENTIAL | $210,600 | 146 ft |
Most Recent Sale
Current Tax Year