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.
2 permits on record since 2025 · Most recent: Mar 2026 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 3 — medium-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 1,572 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2536 CEDAR AVE S MINNEAPOLIS MN 55404 | LUIS A CUZCO | RESIDENTIAL-TWO UNIT | $290,700 | 43 ft |
| 2526 CEDAR AVE S MINNEAPOLIS MN 55404 | JAYMES H DRIELING | RESIDENTIAL-TWO UNIT | $445,000 | 58 ft |
| 2540 CEDAR AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 101 ft |
| 2535 18TH AVE S MINNEAPOLIS MN 55404 | LINDA K LEONARD | RESIDENTIAL | $163,000 | 136 ft |
| 2539 18TH AVE S MINNEAPOLIS MN 55404 | DARREN M KONSOR | RESIDENTIAL | $213,800 | 143 ft |
| 2529 18TH AVE S MINNEAPOLIS MN 55404 | RYAN HEATON | RESIDENTIAL | $193,000 | 147 ft |
| 2546 CEDAR AVE S MINNEAPOLIS MN 55404 | DUANE L C M GALLES | RESIDENTIAL | $464,000 | 159 ft |
| 2541 18TH AVE S MINNEAPOLIS MN 55404 | DAYJA OWENS | RESIDENTIAL-TWO UNIT | $365,300 | 160 ft |
| 2527 18TH AVE S MINNEAPOLIS MN 55404 | L K LEONARD & M-J LEONARD | RESIDENTIAL | $97,000 | 160 ft |
| 2543 18TH AVE S MINNEAPOLIS MN 55404 | SAUL GONZALEZ CHINAS | RESIDENTIAL-TWO UNIT | $275,500 | 179 ft |
Most Recent Sale
Current Tax Year