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 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.
No permits found in Minneapolis open data for this parcel.
Phillips West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1260
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 2,697 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2433 PORTLAND AVE MINNEAPOLIS MN 55404 | LSS SUPPORTIVE HOUSING LLC | LAND-COMMERCIAL | $23,900 | 30 ft |
| 2435 PORTLAND AVE MINNEAPOLIS MN 55404 | PRAMOD B KHAKURAL | RESIDENTIAL-TWO UNIT | $258,600 | 61 ft |
| 2421 PORTLAND AVE MINNEAPOLIS MN 55404 | LSS SUPPORTIVE HOUSING LLC | LOW INCOME RENTAL | $1,052,000 | 88 ft |
| 2437 PORTLAND AVE MINNEAPOLIS MN 55404 | TING JING ZHENG | RESIDENTIAL-TWO UNIT | $243,600 | 110 ft |
| 2438 OAKLAND AVE MINNEAPOLIS MN 55404 | LSS TOWNHOMES LLC | LOW INCOME RENTAL | $2,258,000 | 128 ft |
| 2441 PORTLAND AVE MINNEAPOLIS MN 55404 | TRUY V LE | APARTMENT | $436,000 | 159 ft |
| 2440 OAKLAND AVE MINNEAPOLIS MN 55404 | JOSE F GONZALEZ DELGADO | RESIDENTIAL-TWO UNIT | $245,900 | 168 ft |
| 2444 OAKLAND AVE MINNEAPOLIS MN 55404 | JOSE F GONZALEZ DELGADO | RESIDENTIAL-TWO UNIT | $278,000 | 203 ft |
| 2445 PORTLAND AVE MINNEAPOLIS MN 55404 | 2445 PORTLAND AVE SOUTH LLC | LOW INCOME RENTAL | $421,000 | 207 ft |
| 612 25TH ST E MINNEAPOLIS MN 55404 | M M CHINO & M C J S MARQUEZ | RESIDENTIAL | $162,000 | 223 ft |
Current Tax Year