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.
2 permits on record since 2017 · Most recent: Jul 2021 (existres)
GV Heating and Air Inc
MN PLUMBING AND APPLIANCES
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 3,709 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2445 16TH AVE S MINNEAPOLIS MN 55404 | SERENDIPITY INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $239,500 | 52 ft |
| 2435 16TH AVE S MINNEAPOLIS MN 55404 | A SHAGLANE & K YASSIN | RESIDENTIAL | $386,000 | 54 ft |
| 2433 16TH AVE S MINNEAPOLIS MN 55404 | CMM FINANCE LLC | RESIDENTIAL | $204,400 | 103 ft |
| 2444 17TH AVE S MINNEAPOLIS MN 55404 | DANIEL ORBAN & SONJA ORBAN | RESIDENTIAL | $262,000 | 136 ft |
| 2438 17TH AVE S MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 138 ft |
| 1616 25TH ST E MINNEAPOLIS MN 55404 | SUSAN ELIZABETH AASEN | RESIDENTIAL | $216,000 | 146 ft |
| 2436 17TH AVE S MINNEAPOLIS MN 55404 | LEEM Y LEE | RESIDENTIAL | $214,000 | 156 ft |
| 2430 17TH AVE S MINNEAPOLIS MN 55404 | E PHILLIPS IMPROV COALTN INC | VACANT LAND-RESIDENTIAL | $0 | 162 ft |
| 2427 16TH AVE S MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | APARTMENT | $0 | 168 ft |
| 2440 16TH AVE S MINNEAPOLIS MN 55404 | JUAN CARLOS ALBARADO-JACINTO | VACANT LAND-RESIDENTIAL | $29,000 | 183 ft |
Most Recent Sale
Current Tax Year