The community is primarily residential by land use, and is home to over 4,700 residents from diverse backgrounds, according to the 2010 Census.

It is a part of Ward 9,[2] currently represented by city council member Jason Chavez.

Stewart Park and Andersen United School are located in the core of Midtown Phillips.

Cultural institutions include the Midtown Global Market, Saint Paul's Church, Abubakar As-Sadique Islamic Center, and the Heart of the Beast Theater.

The $189 million redevelopment of the vacant Sears building at Chicago Avenue and Lake Street into a mixed-use development of offices, hotel, retail and housing located in Midtown Phillips called the Midtown Exchange is one of the most important projects undertaken in Minneapolis in recent times.