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.
No permits found in Minneapolis open data for this parcel.
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,301 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2505 16TH AVE S MINNEAPOLIS MN 55404 | DAVID A NESS | RESIDENTIAL-TWO UNIT | $278,200 | 48 ft |
| 1611 25TH ST E MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 100 ft |
| 2509 16TH AVE S MINNEAPOLIS MN 55404 | JULIO SOTAMBA | RESIDENTIAL-TWO UNIT | $292,900 | 105 ft |
| 2445 16TH AVE S MINNEAPOLIS MN 55404 | SERENDIPITY INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $239,500 | 132 ft |
| 2513 16TH AVE S MINNEAPOLIS MN 55404 | FUXIANG WU & QING GU | RESIDENTIAL-TWO UNIT | $348,400 | 152 ft |
| 2504 17TH AVE S MINNEAPOLIS MN 55404 | PASS FAMILY TRUST B | APARTMENT | $491,000 | 156 ft |
| 2500 17TH AVE S MINNEAPOLIS MN 55404 | DU HAST DREI LLC | RESIDENTIAL-TWO UNIT | $229,400 | 162 ft |
| 2500 16TH AVE S MINNEAPOLIS MN 55404 | DAVID J ULVIN | APARTMENT | $435,000 | 171 ft |
| 2508 17TH AVE S MINNEAPOLIS MN 55404 | KIMBERLY A HAYDEN | RESIDENTIAL | $199,600 | 173 ft |
| 2515 16TH AVE S MINNEAPOLIS MN 55404 | MINNESTPOPOLISVIII LLC | RESIDENTIAL | $173,000 | 177 ft |
Most Recent Sale
Current Tax Year