Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
5 permits on record since 2021 · $874K total declared value · Most recent: Sep 2024 (commercial minor)
MN Plumbing & Home Services INC
Airic's Heating & Air Conditioning Inc
Airic's Heating & Air Conditioning Inc
DEN-MARK PLUMBING INC
Molina General Contractors 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
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2523 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 39 ft |
| 2517 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | CAMILO MARTINEZ | RESIDENTIAL-TWO UNIT | $253,900 | 39 ft |
| 2513 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | SEM INVESTMENTS LLC | COMMERCIAL-PREFERRED | $117,000 | 84 ft |
| 2522 16TH AVE S MINNEAPOLIS MN 55404 | AUDREY JACKSON | RESIDENTIAL | $180,800 | 136 ft |
| 2509 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | A K MEZGEBU & DEREJE LEMMA | RESIDENTIAL-TWO UNIT | $731,000 | 137 ft |
| 2516 16TH AVE S MINNEAPOLIS MN 55404 | IAN T PHI | RESIDENTIAL | $219,000 | 139 ft |
| 2524 16TH AVE S MINNEAPOLIS MN 55404 | AKY GROUP LLC | RESIDENTIAL | $247,000 | 152 ft |
| 2512 16TH AVE S MINNEAPOLIS MN 55404 | GREGORY P MOTZKO | RESIDENTIAL | $140,000 | 160 ft |
| 2528 16TH AVE S MINNEAPOLIS MN 55404 | BINH T NGUYEN | RESIDENTIAL | $157,000 | 174 ft |
| 2533 BLOOMINGTON AVE MINNEAPOLIS MN 55404 | MCCLURE PROPERTIES LLC | INDUSTRIAL-PREFERRED | $1,807,500 | 182 ft |