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.
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
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 3,018 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2721 12TH AVE S MINNEAPOLIS MN 55407 | M J SIBRI & E S RIOS | RESIDENTIAL | $187,000 | 45 ft |
| 2731 12TH AVE S MINNEAPOLIS MN 55407 | SUSAN M HUNTER | RESIDENTIAL | $195,000 | 45 ft |
| 2735 12TH AVE S MINNEAPOLIS MN 55407 | M WEIR & L VOSIKA-WEIR | RESIDENTIAL | $147,000 | 81 ft |
| 2719 12TH AVE S MINNEAPOLIS MN 55407 | J ROMERO & T D LLIGUICOTA | RESIDENTIAL-TWO UNIT | $284,700 | 88 ft |
| 2737 12TH AVE S MINNEAPOLIS MN 55407 | CRISPIN F LUIS SANTIAGO | RESIDENTIAL | $272,100 | 120 ft |
| 2717 12TH AVE S MINNEAPOLIS MN 55407 | F E P JARA & M M P PULLA | RESIDENTIAL-TWO UNIT | $289,500 | 124 ft |
| 2726 13TH AVE S MINNEAPOLIS MN 55407 | KIMBERLY & GORDON OPPEGARD | VACANT LAND-RESIDENTIAL | $41,000 | 141 ft |
| 2722 13TH AVE S MINNEAPOLIS MN 55407 | KIMBERLY & GORDON OPPEGARD | RESIDENTIAL-TWO UNIT | $316,400 | 147 ft |
| 2730 13TH AVE S MINNEAPOLIS MN 55407 | MARY A HOLMAN-TURNER ET AL | RESIDENTIAL | $416,000 | 152 ft |
| 2713 12TH AVE S MINNEAPOLIS MN 55407 | ANTONIO JUAREZ DOMINGUEZ | RESIDENTIAL | $216,000 | 155 ft |
Most Recent Sale
Current Tax Year