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 ↗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 ↗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 2023 · $20K total declared value · Most recent: Jan 2023 (commfdrr)
Farr Plumbing and Heating 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 5,174 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2529 17TH AVE S MINNEAPOLIS MN 55404 | Y A MESGNA & Y MEBRAHTU | RESIDENTIAL | $185,000 | 58 ft |
| 2517 17TH AVE S MINNEAPOLIS MN 55404 | LINDA KAY LEONARD | APARTMENT | $471,000 | 65 ft |
| 2531 17TH AVE S MINNEAPOLIS MN 55404 | ANDREW MAYAMBA LLC | VACANT LAND-RESIDENTIAL | $8,500 | 94 ft |
| 2511 17TH AVE S MINNEAPOLIS MN 55404 | R BRASELTON & N BRASELTON | RESIDENTIAL | $222,700 | 123 ft |
| 2520 18TH AVE S MINNEAPOLIS MN 55404 | PASS FAMILY TRUST B | RESIDENTIAL-TWO UNIT | $278,200 | 135 ft |
| 2535 17TH AVE S MINNEAPOLIS MN 55404 | L A SIMBAINA & M B ACERO | RESIDENTIAL | $308,400 | 137 ft |
| 2526 18TH AVE S MINNEAPOLIS MN 55404 | RESURRECTION RESIDENCES LLP | APARTMENT | $669,000 | 144 ft |
| 2516 18TH AVE S MINNEAPOLIS MN 55404 | CAROL JEAN THOMAS | RESIDENTIAL | $269,600 | 150 ft |
| 2530 18TH AVE S MINNEAPOLIS MN 55404 | CAROL-JUNE BENITE LEONARD | RESIDENTIAL | $131,000 | 164 ft |
| 2539 17TH AVE S MINNEAPOLIS MN 55404 | FOWSIYA IKAR | RESIDENTIAL | $155,700 | 180 ft |
Most Recent Sale
Current Tax Year