ParcelLens
Property Intelligence · Twin Cities
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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.
1 permit on record since 2012 · $4.2M total declared value · Most recent: Dec 2012 (binb)
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 14,327 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2924 13TH AVE S MINNEAPOLIS MN 55407 | BUILDUP ASSETS 61ST AVE LLC | RESIDENTIAL-TWO UNIT | $303,800 | 108 ft |
| 2939 12TH AVE S MINNEAPOLIS MN 55407 | ARCH COUNCIL ST VINCENT | COMMERCIAL-PREFERRED | $0 | 142 ft |
| 1238 LAKE ST E MINNEAPOLIS MN 55407 | SPIRIT ON LAKE LMTD PTSHIP | LOW INCOME RENTAL | $5,627,000 | 144 ft |
| 2920 13TH AVE S MINNEAPOLIS MN 55407 | DAVID BUSTAMENTE MENDOZA | RESIDENTIAL | $255,200 | 150 ft |
| 2929 12TH AVE S MINNEAPOLIS MN 55407 | SHELIA J ENGLUND | RESIDENTIAL | $192,000 | 155 ft |
| 2925 12TH AVE S MINNEAPOLIS MN 55407 | ERNEST L & RENITTA STEVENSON | RESIDENTIAL | $190,400 | 177 ft |
| 2929 13TH AVE S MINNEAPOLIS MN 55407 | JOSE ALVARADO/NIEVES RIERA | RESIDENTIAL | $216,500 | 190 ft |
| 2916 13TH AVE S MINNEAPOLIS MN 55407 | F M GUTIERREZ & J ORTIZ | RESIDENTIAL | $220,900 | 192 ft |
| 1204 LAKE ST E MINNEAPOLIS MN 55407 | LUL BROS PROPERTIES LLC | COMMERCIAL-PREFERRED | $1,320,000 | 196 ft |
| 2927 13TH AVE S MINNEAPOLIS MN 55407 | JOSE ALVARADO & NIEVES RIERA | RESIDENTIAL | $252,900 | 201 ft |
Most Recent Sale
Current Tax Year