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.
3 permits on record since 2020 · $22K total declared value · Most recent: Jul 2025 (misc)
Lionheart Building & Consultants
CHAMPION PLUMBING LLC
Perfection Plumbing 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
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2633 13TH AVE S MINNEAPOLIS MN 55407 | J HARRIS & A B HARRIS | RESIDENTIAL | $286,000 | 38 ft |
| 2639 13TH AVE S MINNEAPOLIS MN 55407 | T J RASMUSON ET AL FAM TRUST | RESIDENTIAL-TWO UNIT | $418,100 | 45 ft |
| 2631 13TH AVE S MINNEAPOLIS MN 55407 | OWEN SAMSE & SHOSIE SAMSE | RESIDENTIAL | $209,200 | 81 ft |
| 2641 13TH AVE S MINNEAPOLIS MN 55407 | T & P OLSON | RESIDENTIAL-TWO UNIT | $246,700 | 82 ft |
| 2651 13TH AVE S MINNEAPOLIS MN 55407 | MARK D GERLACH | RESIDENTIAL | $320,000 | 128 ft |
| 2627 13TH AVE S MINNEAPOLIS MN 55407 | DURDUR BAKERY & GROCERY INC | RESIDENTIAL | $307,000 | 131 ft |
| 2634 14TH AVE S MINNEAPOLIS MN 55407 | UHW R:R III LLC | RESIDENTIAL-TWO UNIT | $310,800 | 141 ft |
| 2636 14TH AVE S MINNEAPOLIS MN 55407 | LILLY NGAN TRAN TRUST | RESIDENTIAL-TWO UNIT | $309,200 | 144 ft |
| 2632 14TH AVE S MINNEAPOLIS MN 55407 | THOMAS SCOTT & AMANDA SCOTT | RESIDENTIAL | $198,700 | 146 ft |
| 2630 14TH AVE S MINNEAPOLIS MN 55407 | CAG MINNESOTA FUND I LLC | RESIDENTIAL | $289,000 | 157 ft |
Current Tax Year