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 2021 · $14K total declared value · Most recent: Aug 2024 (misc)
True North Roofing LLC
CenterPoint Energy Resource Corp
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 1,707 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2706 13TH AVE S MINNEAPOLIS MN 55407 | JOSEFINA PROPERTIES LLC | RESIDENTIAL | $34,000 | 30 ft |
| 2710 13TH AVE S MINNEAPOLIS MN 55407 | E MENDOZA & M MENDOZA | RESIDENTIAL-TWO UNIT | $281,200 | 37 ft |
| 2702 13TH AVE S MINNEAPOLIS MN 55407 | JOSEFINA PROPERTIES LLC | COMMERCIAL-PREFERRED | $90,400 | 74 ft |
| 2712 13TH AVE S MINNEAPOLIS MN 55407 | ABDINASIR S WARFA | RESIDENTIAL | $321,000 | 81 ft |
| 2718 13TH AVE S MINNEAPOLIS MN 55407 | RODNEY J & TAMARA ZULEGER | RESIDENTIAL | $192,400 | 125 ft |
| 2709 12TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $342,000 | 141 ft |
| 2711 12TH AVE S MINNEAPOLIS MN 55407 | SHELINA SYMONE WADE | RESIDENTIAL | $184,200 | 145 ft |
| 2703 12TH AVE S MINNEAPOLIS MN 55407 | MARTIN R GUAMAN ALENCASTRO | RESIDENTIAL-TWO UNIT | $295,400 | 148 ft |
| 2713 12TH AVE S MINNEAPOLIS MN 55407 | ANTONIO JUAREZ DOMINGUEZ | RESIDENTIAL | $216,000 | 153 ft |
| 2701 12TH AVE S MINNEAPOLIS MN 55407 | FLOR MARINA RIVERA RIVERA | RESIDENTIAL-TWO UNIT | $265,500 | 163 ft |
Most Recent Sale
Current Tax Year