ParcelLens
Property Intelligence · Twin Cities
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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.
8 permits on record since 2018 · $1.6M total declared value · Most recent: Jan 2023 (commfdnr)
United States Mechanical Inc
United States Mechanical Inc
United States Mechanical Inc
FRERICHS CONSTRUCTION CO
United States Mechanical Inc
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2421 16TH AVE S MINNEAPOLIS MN 55404 | OBSA A NURU/BIYA AHMED NURU | RESIDENTIAL-TWO UNIT | $220,500 | 63 ft |
| 2433 16TH AVE S MINNEAPOLIS MN 55404 | CMM FINANCE LLC | RESIDENTIAL | $204,400 | 65 ft |
| 2417 16TH AVE S MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $470,000 | 108 ft |
| 2435 16TH AVE S MINNEAPOLIS MN 55404 | A SHAGLANE & K YASSIN | RESIDENTIAL | $386,000 | 113 ft |
| 2426 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 135 ft |
| 2428 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 137 ft |
| 2430 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 138 ft |
| 2424 17TH AVE S MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $155,100 | 139 ft |
| 2430 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 150 ft |
| 2420 17TH AVE S MINNEAPOLIS MN 55404 | E ZINSLI & B SISNEROZ | RESIDENTIAL | $157,000 | 151 ft |
Current Tax Year