Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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: Jan 2023 (res)
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
Residential Mixed-Use 1 — low-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,258 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2900 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | D M MARTINEZ & P ARIAS | VACANT LAND-RESIDENTIAL | $2,600 | 27 ft |
| 2908 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | DELIA GARCIA | APARTMENT | $535,000 | 42 ft |
| 2910 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | S C MATHESON & J LION | RESIDENTIAL-TWO UNIT | $333,100 | 84 ft |
| 2853 15TH AVE S MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 119 ft |
| 2912 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | THOMAS NGUYEN | COMMERCIAL-PREFERRED | $425,000 | 126 ft |
| 2905 15TH AVE S MINNEAPOLIS MN 55407 | RODRIGO GUTIERREZ CASTANEDA | RESIDENTIAL | $256,800 | 135 ft |
| 2907 15TH AVE S MINNEAPOLIS MN 55407 | PROPERTIES 2020 LLC | RESIDENTIAL | $190,000 | 139 ft |
| 2911 15TH AVE S MINNEAPOLIS MN 55407 | JRB RENTALS LLC | RESIDENTIAL-TWO UNIT | $263,700 | 151 ft |
| 2835 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 167 ft |
| 2914 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FOUR PUFFINS PROPERTIES LLC | TRIPLEX | $399,900 | 168 ft |
Most Recent Sale
Current Tax Year