Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2021 · $12K total declared value · Most recent: Dec 2024 (remodel)
Innovative Basement Authority
Innovative Basement Authority
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
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 2,655 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2616 14TH AVE S MINNEAPOLIS MN 55407 | DAVID R NESTE ETAL SUBJ/L E | RESIDENTIAL | $273,000 | 40 ft |
| 2624 14TH AVE S MINNEAPOLIS MN 55407 | SARA M SMITH | RESIDENTIAL | $380,000 | 42 ft |
| 2628 14TH AVE S MINNEAPOLIS MN 55407 | JOSETH ERNESTO TOVAR CORTES | RESIDENTIAL-TWO UNIT | $243,200 | 77 ft |
| 2612 14TH AVE S MINNEAPOLIS MN 55407 | LAWRENCE E KNUDSON | RESIDENTIAL | $202,900 | 81 ft |
| 2630 14TH AVE S MINNEAPOLIS MN 55407 | CAG MINNESOTA FUND I LLC | RESIDENTIAL | $289,000 | 106 ft |
| 2608 14TH AVE S MINNEAPOLIS MN 55407 | K GROVENDER/M E C GROVENDER | RESIDENTIAL | $305,000 | 123 ft |
| 2632 14TH AVE S MINNEAPOLIS MN 55407 | THOMAS SCOTT & AMANDA SCOTT | RESIDENTIAL | $198,700 | 136 ft |
| 2623 13TH AVE S MINNEAPOLIS MN 55407 | VIDAL J QUEVEDO | RESIDENTIAL | $397,100 | 141 ft |
| 2617 13TH AVE S MINNEAPOLIS MN 55407 | ROMEL OJEDA | RESIDENTIAL-TWO UNIT | $300,600 | 146 ft |
| 2627 13TH AVE S MINNEAPOLIS MN 55407 | DURDUR BAKERY & GROCERY INC | RESIDENTIAL | $307,000 | 148 ft |
Current Tax Year