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 2023 · $19K total declared value · Most recent: Nov 2023 (misc)
GAVIOTA CONSTRUCTION INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
East Phillips · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1259
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 3,537 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2504 16TH AVE S MINNEAPOLIS MN 55404 | EXCEL ENTERPRISES LLC | RESIDENTIAL | $214,000 | 52 ft |
| 2512 16TH AVE S MINNEAPOLIS MN 55404 | GREGORY P MOTZKO | RESIDENTIAL | $140,000 | 53 ft |
| 2516 16TH AVE S MINNEAPOLIS MN 55404 | IAN T PHI | RESIDENTIAL | $219,000 | 105 ft |
| 2500 16TH AVE S MINNEAPOLIS MN 55404 | DAVID J ULVIN | APARTMENT | $435,000 | 105 ft |
| 2509 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | A K MEZGEBU & DEREJE LEMMA | RESIDENTIAL-TWO UNIT | $731,000 | 135 ft |
| 2505 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | A K MEZGEBU & DEREJE LEMMA | LAND-COMMERCIAL | $103,000 | 144 ft |
| 2513 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | SEM INVESTMENTS LLC | COMMERCIAL-PREFERRED | $117,000 | 145 ft |
| 2522 16TH AVE S MINNEAPOLIS MN 55404 | AUDREY JACKSON | RESIDENTIAL | $180,800 | 157 ft |
| 2517 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | CAMILO MARTINEZ | RESIDENTIAL-TWO UNIT | $253,900 | 168 ft |
| 1521 25TH ST E MINNEAPOLIS MN 55404 | PASS FAMILY TRUST B | APARTMENT | $657,000 | 170 ft |
Most Recent Sale
Current Tax Year