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 2019 · Most recent: Apr 2025 (res)
Great Quality Plumbing Inc
Linn Star Transfer 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 2,575 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2621 15TH AVE S MINNEAPOLIS MN 55407 | W S BATSON & M M BATSON | RESIDENTIAL | $248,600 | 41 ft |
| 2615 15TH AVE S MINNEAPOLIS MN 55407 | MAXIMINO CRUZ | RESIDENTIAL | $198,000 | 41 ft |
| 2609 15TH AVE S MINNEAPOLIS MN 55407 | GIF PROPERTIES LLC | RESIDENTIAL | $244,500 | 82 ft |
| 2625 15TH AVE S MINNEAPOLIS MN 55407 | BELLA FLOR BUNAY ORDONEZ | RESIDENTIAL-TWO UNIT | $305,600 | 83 ft |
| 2605 15TH AVE S MINNEAPOLIS MN 55407 | HAWA H IBRHIM | RESIDENTIAL | $208,200 | 124 ft |
| 2629 15TH AVE S MINNEAPOLIS MN 55407 | G A C MESTIZO | RESIDENTIAL | $214,900 | 126 ft |
| 2616 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FAHMI O KATABAY | TRIPLEX | $312,600 | 136 ft |
| 2620 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JOSE FERNANDO GONZALEZ | RESIDENTIAL-TWO UNIT | $267,100 | 142 ft |
| 2608 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | RANDY'S INTERIORS/RESTAURANT | COMMERCIAL-PREFERRED | $630,000 | 150 ft |
| 2626 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ROMEL G OJEDA BERNAL | RESIDENTIAL-TWO UNIT | $240,600 | 158 ft |
Most Recent Sale
Current Tax Year