Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 ↗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 2017 · $20K total declared value · Most recent: Aug 2024 (roofwind)
HANDYWORKS UNLIMITED
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
UNLIMITED SERVICES INC
BWS Heating and 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
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 2,675 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2912 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | THOMAS NGUYEN | COMMERCIAL-PREFERRED | $425,000 | 42 ft |
| 2916 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | PLAZA HOLDINGS LLC | RESIDENTIAL | $338,000 | 43 ft |
| 2910 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | S C MATHESON & J LION | RESIDENTIAL-TWO UNIT | $333,100 | 84 ft |
| 2908 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | DELIA GARCIA | APARTMENT | $535,000 | 126 ft |
| 2917 15TH AVE S MINNEAPOLIS MN 55407 | HOODO PROPERTIES LLC | COMMERCIAL-PREFERRED | $587,000 | 136 ft |
| 2913 15TH AVE S MINNEAPOLIS MN 55407 | BISOLA AKPAETTE WALD | RESIDENTIAL-TWO UNIT | $252,700 | 149 ft |
| 2920 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MARIA LALA | LAND-COMMERCIAL | $349,700 | 151 ft |
| 2906 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | D M MARTINEZ & P ARIAS | RESIDENTIAL-TWO UNIT | $230,700 | 168 ft |
| 2911 15TH AVE S MINNEAPOLIS MN 55407 | JRB RENTALS LLC | RESIDENTIAL-TWO UNIT | $263,700 | 169 ft |
| 2907 15TH AVE S MINNEAPOLIS MN 55407 | PROPERTIES 2020 LLC | RESIDENTIAL | $190,000 | 193 ft |
Most Recent Sale
Current Tax Year