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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
5 permits on record since 2023 · $15K total declared value · Most recent: Mar 2024 (roofwind)
Delia Garcia
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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
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 2,676 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2906 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | D M MARTINEZ & P ARIAS | RESIDENTIAL-TWO UNIT | $230,700 | 42 ft |
| 2910 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | S C MATHESON & J LION | RESIDENTIAL-TWO UNIT | $333,100 | 42 ft |
| 2900 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | D M MARTINEZ & P ARIAS | VACANT LAND-RESIDENTIAL | $2,600 | 69 ft |
| 2912 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | THOMAS NGUYEN | COMMERCIAL-PREFERRED | $425,000 | 84 ft |
| 2914 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FOUR PUFFINS PROPERTIES LLC | TRIPLEX | $399,900 | 126 ft |
| 2907 15TH AVE S MINNEAPOLIS MN 55407 | PROPERTIES 2020 LLC | RESIDENTIAL | $190,000 | 136 ft |
| 2911 15TH AVE S MINNEAPOLIS MN 55407 | JRB RENTALS LLC | RESIDENTIAL-TWO UNIT | $263,700 | 138 ft |
| 2905 15TH AVE S MINNEAPOLIS MN 55407 | RODRIGO GUTIERREZ CASTANEDA | RESIDENTIAL | $256,800 | 144 ft |
| 2913 15TH AVE S MINNEAPOLIS MN 55407 | BISOLA AKPAETTE WALD | RESIDENTIAL-TWO UNIT | $252,700 | 149 ft |
| 2853 15TH AVE S MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 155 ft |
Most Recent Sale
Current Tax Year