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.
1 permit on record since 2018 · $11K total declared value · Most recent: May 2018 (misc)
KAT CONSTRUCTION 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 3,974 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2539 17TH AVE S MINNEAPOLIS MN 55404 | FOWSIYA IKAR | RESIDENTIAL | $155,700 | 43 ft |
| 1704 26TH ST E MINNEAPOLIS MN 55404 | FOWSIYA IKAR | RESIDENTIAL-TWO UNIT | $242,400 | 61 ft |
| 1708 26TH ST E MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | RESIDENTIAL | $172,300 | 71 ft |
| 2535 17TH AVE S MINNEAPOLIS MN 55404 | L A SIMBAINA & M B ACERO | RESIDENTIAL | $308,400 | 86 ft |
| 2531 17TH AVE S MINNEAPOLIS MN 55404 | ANDREW MAYAMBA LLC | VACANT LAND-RESIDENTIAL | $8,500 | 130 ft |
| 2540 18TH AVE S MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | RESIDENTIAL-TWO UNIT | $189,500 | 136 ft |
| 2538 18TH AVE S MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | RESIDENTIAL | $164,000 | 136 ft |
| 2546 18TH AVE S MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | RESIDENTIAL | $164,000 | 141 ft |
| 2536 18TH AVE S MINNEAPOLIS MN 55404 | EMPIRE ESTATES LLC | TRIPLEX | $315,900 | 148 ft |
| 2548 18TH AVE S MINNEAPOLIS MN 55404 | PASS FAMILY TRUST B | RESIDENTIAL-TWO UNIT | $201,900 | 153 ft |
Most Recent Sale
Current Tax Year