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
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 1,571 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2532 18TH AVE S MINNEAPOLIS MN 55404 | PASS FAMILY TRUST B | RESIDENTIAL-TWO UNIT | $199,700 | 29 ft |
| 2526 18TH AVE S MINNEAPOLIS MN 55404 | RESURRECTION RESIDENCES LLP | APARTMENT | $669,000 | 43 ft |
| 2536 18TH AVE S MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | TRIPLEX | $315,900 | 72 ft |
| 2520 18TH AVE S MINNEAPOLIS MN 55404 | PASS FAMILY TRUST B | RESIDENTIAL-TWO UNIT | $278,200 | 101 ft |
| 2538 18TH AVE S MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | RESIDENTIAL | $164,000 | 115 ft |
| 2531 17TH AVE S MINNEAPOLIS MN 55404 | ANDREW MAYAMBA LLC | VACANT LAND-RESIDENTIAL | $8,500 | 135 ft |
| 2529 17TH AVE S MINNEAPOLIS MN 55404 | Y A MESGNA & Y MEBRAHTU | RESIDENTIAL | $185,000 | 139 ft |
| 2535 17TH AVE S MINNEAPOLIS MN 55404 | L A SIMBAINA & M B ACERO | RESIDENTIAL | $308,400 | 142 ft |
| 2540 18TH AVE S MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | RESIDENTIAL-TWO UNIT | $189,500 | 144 ft |
| 2516 18TH AVE S MINNEAPOLIS MN 55404 | CAROL JEAN THOMAS | RESIDENTIAL | $269,600 | 158 ft |
Most Recent Sale
Current Tax Year