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 ↗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.
1 permit on record since 2009 · $60K total declared value · Most recent: Jun 2009 (building re-inspection)
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 2,180 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2806 15TH AVE S MINNEAPOLIS MN 55407 | DANA PAUCAR | RESIDENTIAL | $361,000 | 35 ft |
| 2812 15TH AVE S MINNEAPOLIS MN 55407 | JANA L METGE | RESIDENTIAL | $205,100 | 35 ft |
| 2800 15TH AVE S MINNEAPOLIS MN 55407 | GOLDEN INVESTMENTS LLC | RESIDENTIAL | $222,900 | 86 ft |
| 2820 15TH AVE S MINNEAPOLIS MN 55407 | TIM SPRINGER | RESIDENTIAL | $79,000 | 86 ft |
| 1413 28TH ST E MINNEAPOLIS MN 55407 | DANA PAUCAR | VACANT LAND-RESIDENTIAL | $3,000 | 95 ft |
| 1407 28TH ST E MINNEAPOLIS MN 55407 | INES M L SANCHEZ & R M NIETO | LOW INCOME RENTAL | $279,400 | 112 ft |
| 2813 14TH AVE S MINNEAPOLIS MN 55407 | INES M LAZO | LOW INCOME RENTAL | $195,500 | 142 ft |
| 2822 15TH AVE S MINNEAPOLIS MN 55407 | TIMOTHY SCOTT SPRINGER | VACANT LAND-RESIDENTIAL | $41,000 | 149 ft |
| 2815 14TH AVE S MINNEAPOLIS MN 55407 | STEVEN F MELDAHL TRUSTEE | RESIDENTIAL | $66,000 | 149 ft |
| 1403 28TH ST E MINNEAPOLIS MN 55407 | JOSE CLEVER BENAVIDES NAULA | RESIDENTIAL-TWO UNIT | $268,000 | 151 ft |
Most Recent Sale
Current Tax Year