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 2023 · Most recent: Mar 2023 (existres)
Centraire Heating & Air Conditioning 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.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,530 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2813 13TH AVE S MINNEAPOLIS MN 55407 | G R ANDRADE & A R ANDRADE | RESIDENTIAL | $234,500 | 39 ft |
| 1303 28TH ST E MINNEAPOLIS MN 55407 | MANUEL S ORTIZ | RESIDENTIAL | $151,000 | 49 ft |
| 1301 28TH ST E MINNEAPOLIS MN 55407 | XIAN JIN LI | RESIDENTIAL | $217,500 | 65 ft |
| 1309 28TH ST E MINNEAPOLIS MN 55407 | BRIAN CANFIELD | RESIDENTIAL | $173,000 | 66 ft |
| 1315 28TH ST E MINNEAPOLIS MN 55407 | MYDUNG CONG & TRAC CAO | RESIDENTIAL-TWO UNIT | $193,300 | 109 ft |
| 2806 14TH AVE S MINNEAPOLIS MN 55407 | KALE B FAJARDO | RESIDENTIAL | $223,400 | 141 ft |
| 2810 14TH AVE S MINNEAPOLIS MN 55407 | SERENDIPTY INVESTMENT LLC | RESIDENTIAL | $175,000 | 146 ft |
| 1221 28TH ST E MINNEAPOLIS MN 55407 | ANGELICA GUTIERREZ DIEGO | RESIDENTIAL | $159,000 | 148 ft |
| 2814 14TH AVE S MINNEAPOLIS MN 55407 | R & R ANDRADE | RESIDENTIAL-TWO UNIT | $258,800 | 160 ft |
| 2800 14TH AVE S MINNEAPOLIS MN 55407 | JOSHUA D GREENWALD | APARTMENT | $489,000 | 169 ft |
Most Recent Sale
Current Tax Year