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 ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 2009 · Most recent: Jan 2023 (res)
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
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 |
|---|---|---|---|---|
| 2728 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | R M BAHENA & B D BAHENA | RESIDENTIAL | $207,000 | 40 ft |
| 2734 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | LESTER LUCAS HUINIL | RESIDENTIAL-TWO UNIT | $330,300 | 40 ft |
| 2740 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JAMES ANDREW JOHNSON | RESIDENTIAL | $163,200 | 80 ft |
| 2726 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | L G DOUB & K M DOUB | APARTMENT | $1,323,000 | 110 ft |
| 2742 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | PHILIP CLYVE DORING | RESIDENTIAL | $244,300 | 123 ft |
| 2735 15TH AVE S MINNEAPOLIS MN 55407 | ST PAULS HOME INC | LOW INCOME RENTAL | $3,922,000 | 136 ft |
| 2750 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | KHOSROW ROSTAMKHANI | COMMERCIAL-PREFERRED | $164,000 | 166 ft |
| 2714 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | G C PACKARD & S PACKARD | RESIDENTIAL-TWO UNIT | $310,800 | 189 ft |
| 2729 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CESAR PRADO/AMELDA ALVARADO | RESIDENTIAL-TWO UNIT | $303,500 | 202 ft |
| 2725 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FREDY OJEDA | APARTMENT | $345,000 | 206 ft |
Most Recent Sale
Current Tax Year