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 ↗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 ↗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.
4 permits on record since 2023 · $20K total declared value · Most recent: Nov 2025 (misc)
J LEWIS BUILDING AND REMODELING LLC
Admiral Radon & Mechanical Services LLC
KAB Plumbing LLC
Kinmount Exteriors
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 1,576 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2426 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 27 ft |
| 2420 17TH AVE S MINNEAPOLIS MN 55404 | E ZINSLI & B SISNEROZ | RESIDENTIAL | $157,000 | 39 ft |
| 2428 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 52 ft |
| 2430 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 75 ft |
| 2416 17TH AVE S MINNEAPOLIS MN 55404 | EMRYS M STRAMER | TRIPLEX | $230,400 | 82 ft |
| 2430 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 93 ft |
| 2436 17TH AVE S MINNEAPOLIS MN 55404 | LEEM Y LEE | RESIDENTIAL | $214,000 | 120 ft |
| 2412 17TH AVE S MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $418,000 | 125 ft |
| 2427 16TH AVE S MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 139 ft |
| 2421 16TH AVE S MINNEAPOLIS MN 55404 | OBSA A NURU/BIYA AHMED NURU | RESIDENTIAL-TWO UNIT | $220,500 | 139 ft |
Most Recent Sale
Current Tax Year