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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
3 permits on record since 2025 · $28K total declared value · Most recent: Sep 2025 (commfdrr)
Mike's Custom Mechanical Inc
Molina General Contractors LLC
Molina General Contractors LLC
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 3,536 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2508 17TH AVE S MINNEAPOLIS MN 55404 | KIMBERLY A HAYDEN | RESIDENTIAL | $199,600 | 39 ft |
| 2500 17TH AVE S MINNEAPOLIS MN 55404 | DU HAST DREI LLC | RESIDENTIAL-TWO UNIT | $229,400 | 54 ft |
| 2510 17TH AVE S MINNEAPOLIS MN 55404 | F S CRISTOBAL & I NAVARRO | RESIDENTIAL | $162,000 | 65 ft |
| 1611 25TH ST E MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 70 ft |
| 2512 17TH AVE S MINNEAPOLIS MN 55404 | DAVID E SHAFFER | RESIDENTIAL | $172,000 | 92 ft |
| 2514 17TH AVE S MINNEAPOLIS MN 55404 | R O S QUIZHPI & C S H GUASCO | RESIDENTIAL | $171,000 | 118 ft |
| 2505 16TH AVE S MINNEAPOLIS MN 55404 | DAVID A NESS | RESIDENTIAL-TWO UNIT | $278,200 | 127 ft |
| 2516 17TH AVE S MINNEAPOLIS MN 55404 | JAYMES H DRIELING | RESIDENTIAL | $80,500 | 143 ft |
| 2509 16TH AVE S MINNEAPOLIS MN 55404 | JULIO SOTAMBA | RESIDENTIAL-TWO UNIT | $292,900 | 146 ft |
| 2501 16TH AVE S MINNEAPOLIS MN 55404 | CITY OF LAKES COMMUNITY LAND | RESIDENTIAL | $255,700 | 156 ft |
Most Recent Sale
Current Tax Year