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.
8 permits on record since 2019 · $37K total declared value · Most recent: Apr 2026 (misc)
Precision Exteriors Restoration LLC
NORTHERNS ONE HOUR HEATING AND AIR CONDITIONING
All Climate Mechanical LLC
All Climate Mechanical LLC
ATD Construction 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 3,232 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2641 12TH AVE S MINNEAPOLIS MN 55407 | M A S MIRANDA & P C BRUNO | RESIDENTIAL-TWO UNIT | $311,700 | 38 ft |
| 2649 12TH AVE S MINNEAPOLIS MN 55407 | S R PEARSON & J E PEARSON | LOW INCOME RENTAL | $191,300 | 45 ft |
| 2639 12TH AVE S MINNEAPOLIS MN 55407 | PATRICIA A RYDEEN | RESIDENTIAL | $236,900 | 73 ft |
| 2635 12TH AVE S MINNEAPOLIS MN 55407 | A L BIRT & H-C J KARLBERG | VACANT LAND-RESIDENTIAL | $42,000 | 112 ft |
| 2648 13TH AVE S MINNEAPOLIS MN 55407 | CESAR ORTIZ | RESIDENTIAL-TWO UNIT | $303,600 | 141 ft |
| 2701 12TH AVE S MINNEAPOLIS MN 55407 | FLOR MARINA RIVERA RIVERA | RESIDENTIAL-TWO UNIT | $265,500 | 145 ft |
| 2644 13TH AVE S MINNEAPOLIS MN 55407 | FERDOSA ABUBAKER HAJI ALI | RESIDENTIAL | $374,000 | 146 ft |
| 2652 13TH AVE S MINNEAPOLIS MN 55407 | ROGER P HARRIS | RESIDENTIAL-TWO UNIT | $300,900 | 149 ft |
| 2631 12TH AVE S MINNEAPOLIS MN 55407 | J RODNEY & J ARNOLD | RESIDENTIAL-TWO UNIT | $337,600 | 151 ft |
| 2642 13TH AVE S MINNEAPOLIS MN 55407 | D J EVANOSKY & JOHN A OLBERG | RESIDENTIAL | $211,000 | 157 ft |
Most Recent Sale
Current Tax Year