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.
1 permit on record since 2025 · $5K total declared value · Most recent: Aug 2025 (misc)
Connie Neumann
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
Lot dimensions are insufficient for the standard setbacks shown.
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 1,827 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2650 15TH AVE S MINNEAPOLIS MN 55407 | JUANA M SIMBAINA MOROCHO | RESIDENTIAL-TWO UNIT | $247,300 | 34 ft |
| 2646 15TH AVE S MINNEAPOLIS MN 55407 | F D OSORIO & V M BAHENA | RESIDENTIAL | $229,000 | 66 ft |
| 2700 15TH AVE S MINNEAPOLIS MN 55407 | PAULINO ORTIZ MENDOZA ET AL | RESIDENTIAL | $325,000 | 104 ft |
| 2644 15TH AVE S MINNEAPOLIS MN 55407 | JORGE HERNANDEZ | RESIDENTIAL | $267,200 | 107 ft |
| 2657 14TH AVE S MINNEAPOLIS MN 55407 | JOHN WHITLOCK/LYNN WHITLOCK | RESIDENTIAL | $370,000 | 141 ft |
| 2653 14TH AVE S MINNEAPOLIS MN 55407 | AHMED JAMA & HAWA EGAL | RESIDENTIAL-ZERO LOT LINE | $311,300 | 146 ft |
| 2704 15TH AVE S MINNEAPOLIS MN 55407 | KLEBER R A BARBECHO ET AL | RESIDENTIAL | $189,200 | 147 ft |
| 2638 15TH AVE S MINNEAPOLIS MN 55407 | VICTOR TENECELA | RESIDENTIAL | $411,000 | 156 ft |
| 2649 14TH AVE S MINNEAPOLIS MN 55407 | A AHMED & L HAJI | RESIDENTIAL-ZERO LOT LINE | $313,200 | 156 ft |
| 2701 14TH AVE S MINNEAPOLIS MN 55407 | KEYF ABDI | RESIDENTIAL-ZERO LOT LINE | $201,000 | 169 ft |
Current Tax Year