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 ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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.
7 permits on record since 2017 · $19K total declared value · Most recent: Jan 2026 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Luis Cuzco
Luis A Cuzco
Luis A Cuzco
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 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 3-story wood frame (5–12 units) benchmarks for 3,978 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2532 CEDAR AVE S MINNEAPOLIS MN 55404 | JON P GUNVALDSON | RESIDENTIAL-TWO UNIT | $211,300 | 43 ft |
| 2540 CEDAR AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 58 ft |
| 2526 CEDAR AVE S MINNEAPOLIS MN 55404 | JAYMES H DRIELING | RESIDENTIAL-TWO UNIT | $445,000 | 101 ft |
| 2546 CEDAR AVE S MINNEAPOLIS MN 55404 | DUANE L C M GALLES | RESIDENTIAL | $464,000 | 115 ft |
| 2539 18TH AVE S MINNEAPOLIS MN 55404 | DARREN M KONSOR | RESIDENTIAL | $213,800 | 135 ft |
| 2541 18TH AVE S MINNEAPOLIS MN 55404 | DAYJA OWENS | RESIDENTIAL-TWO UNIT | $365,300 | 142 ft |
| 1808 26TH ST E MINNEAPOLIS MN 55404 | R B KNOX & M A STARR-KNOX | RESIDENTIAL | $101,000 | 144 ft |
| 2535 18TH AVE S MINNEAPOLIS MN 55404 | LINDA K LEONARD | RESIDENTIAL | $163,000 | 145 ft |
| 2543 18TH AVE S MINNEAPOLIS MN 55404 | SAUL GONZALEZ CHINAS | RESIDENTIAL-TWO UNIT | $275,500 | 154 ft |
| 1806 26TH ST E MINNEAPOLIS MN 55404 | M DAVIS & S DAVIS | RESIDENTIAL | $156,100 | 160 ft |
Most Recent Sale
Current Tax Year