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 ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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 · $4K total declared value · Most recent: Feb 2025 (existres)
Dean's Professional Plumbing Inc
SHELTER CONSTRUCTION LLC
Urban Pine Plumbing and Mechanical Inc
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 2,796 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2912 13TH AVE S MINNEAPOLIS MN 55407 | G P P BENAVIDES & J JARA | RESIDENTIAL | $328,000 | 42 ft |
| 2900 13TH AVE S MINNEAPOLIS MN 55407 | HOBYO PROPERTIES LLC | COMMERCIAL-PREFERRED | $888,000 | 52 ft |
| 2916 13TH AVE S MINNEAPOLIS MN 55407 | F M GUTIERREZ & J ORTIZ | RESIDENTIAL | $220,900 | 84 ft |
| 2920 13TH AVE S MINNEAPOLIS MN 55407 | DAVID BUSTAMENTE MENDOZA | RESIDENTIAL | $255,200 | 126 ft |
| 2907 12TH AVE S MINNEAPOLIS MN 55407 | JAYMES DRIELING | APARTMENT | $507,000 | 142 ft |
| 2913 12TH AVE S MINNEAPOLIS MN 55407 | NICOLETTE BRYANT | RESIDENTIAL | $278,300 | 147 ft |
| 2903 12TH AVE S MINNEAPOLIS MN 55407 | ABUBAKER AS-SADDIQUE ISL CTR | LAND-COMMERCIAL | $82,400 | 156 ft |
| 2853 12TH AVE S MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 161 ft |
| 2917 12TH AVE S MINNEAPOLIS MN 55407 | SEGUNDO ROMERO | RESIDENTIAL-TWO UNIT | $284,100 | 164 ft |
| 2924 13TH AVE S MINNEAPOLIS MN 55407 | BUILDUP ASSETS 61ST AVE LLC | RESIDENTIAL-TWO UNIT | $303,800 | 168 ft |
Most Recent Sale
Current Tax Year