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 2022 · $5K total declared value · Most recent: Nov 2022 (existres)
CENTERPOINT ENERGY
McQuillan Bros Plumbing Heating & AC LLC
Options Exteriors
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 2,747 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2609 13TH AVE S MINNEAPOLIS MN 55407 | JAYMES DRIELING | RESIDENTIAL-TWO UNIT | $193,700 | 35 ft |
| 2617 13TH AVE S MINNEAPOLIS MN 55407 | ROMEL OJEDA | RESIDENTIAL-TWO UNIT | $300,600 | 41 ft |
| 2605 13TH AVE S MINNEAPOLIS MN 55407 | ALAMIN WAHILA | RESIDENTIAL | $383,800 | 71 ft |
| 2623 13TH AVE S MINNEAPOLIS MN 55407 | VIDAL J QUEVEDO | RESIDENTIAL | $397,100 | 83 ft |
| 2601 13TH AVE S MINNEAPOLIS MN 55407 | N ANDERSEN & L ANDERSEN | RESIDENTIAL | $318,000 | 119 ft |
| 2627 13TH AVE S MINNEAPOLIS MN 55407 | DURDUR BAKERY & GROCERY INC | RESIDENTIAL | $307,000 | 124 ft |
| 2612 14TH AVE S MINNEAPOLIS MN 55407 | LAWRENCE E KNUDSON | RESIDENTIAL | $202,900 | 141 ft |
| 2608 14TH AVE S MINNEAPOLIS MN 55407 | K GROVENDER/M E C GROVENDER | RESIDENTIAL | $305,000 | 147 ft |
| 2616 14TH AVE S MINNEAPOLIS MN 55407 | DAVID R NESTE ETAL SUBJ/L E | RESIDENTIAL | $273,000 | 147 ft |
| 1311 26TH ST E MINNEAPOLIS MN 55404 | WAYNE T MEUCHEL | RESIDENTIAL | $133,300 | 159 ft |
Most Recent Sale
Current Tax Year