Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
No permits found in Minneapolis open data for this parcel.
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
Residential Mixed-Use 1 — low-density mixed 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 2,478 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2732 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ARRA PROPERTIES LLC | TRIPLEX | $315,000 | 40 ft |
| 2726 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | L G DOUB & K M DOUB | APARTMENT | $1,323,000 | 70 ft |
| 2734 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | LESTER LUCAS HUINIL | RESIDENTIAL-TWO UNIT | $330,300 | 80 ft |
| 2740 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JAMES ANDREW JOHNSON | RESIDENTIAL | $163,200 | 120 ft |
| 2735 15TH AVE S MINNEAPOLIS MN 55407 | ST PAULS HOME INC | LOW INCOME RENTAL | $3,922,000 | 139 ft |
| 2714 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | G C PACKARD & S PACKARD | RESIDENTIAL-TWO UNIT | $310,800 | 149 ft |
| 2742 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | PHILIP CLYVE DORING | RESIDENTIAL | $244,300 | 163 ft |
| 2719 15TH AVE S MINNEAPOLIS MN 55407 | CASHTI RAGOONANAN | VACANT LAND-RESIDENTIAL | $10,000 | 190 ft |
| 2712 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MANUEL S ORTIZ | RESIDENTIAL | $108,000 | 193 ft |
| 2725 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FREDY OJEDA | APARTMENT | $345,000 | 202 ft |
Most Recent Sale
Current Tax Year