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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 · $70K total declared value · Most recent: Feb 2022 (roofwind)
CCM
Metro Heating & Cooling 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3,794 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2707 15TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 59 ft |
| 2655 15TH AVE S MINNEAPOLIS MN 55407 | MARIA J MOROCHO ZHUNGO | RESIDENTIAL-TWO UNIT | $366,100 | 112 ft |
| 2711 15TH AVE S MINNEAPOLIS MN 55407 | NABIL JAUAD BROWNE | VACANT LAND-RESIDENTIAL | $60,000 | 118 ft |
| 2700 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CITY OF MPLS | COMMERCIAL-PREFERRED | $0 | 139 ft |
| 2649 15TH AVE S MINNEAPOLIS MN 55407 | CHRISTOPHER & JESSICA SPELTZ | RESIDENTIAL | $220,000 | 156 ft |
| 2717 15TH AVE S MINNEAPOLIS MN 55407 | TENZIN LHAMO | RESIDENTIAL-TWO UNIT | $281,100 | 162 ft |
| 2710 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-APARTMENT | $0 | 170 ft |
| 2700 15TH AVE S MINNEAPOLIS MN 55407 | PAULINO ORTIZ MENDOZA ET AL | RESIDENTIAL | $325,000 | 184 ft |
| 2704 15TH AVE S MINNEAPOLIS MN 55407 | KLEBER R A BARBECHO ET AL | RESIDENTIAL | $189,200 | 189 ft |
| 2712 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MANUEL S ORTIZ | RESIDENTIAL | $108,000 | 189 ft |
Most Recent Sale
Current Tax Year