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.
4 permits on record since 2000 · $282K total declared value · Most recent: May 2025 (res)
Urban Pine Plumbing and Mechanical Inc
South Mechanical Contractors Inc
ABILITY SOLUTIONS
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 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,338 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2630 CEDAR AVE S MINNEAPOLIS MN 55407 | AURORA N DE CAMPUZANO | RESIDENTIAL-TWO UNIT | $217,900 | 50 ft |
| 2620 CEDAR AVE S MINNEAPOLIS MN 55407 | MATRIX ASSET SOLUTIONS LLC | LOW INCOME RENTAL | $732,000 | 54 ft |
| 2638 CEDAR AVE S MINNEAPOLIS MN 55407 | J CAMPUZANO & A CAMPUZANO | RESIDENTIAL | $205,100 | 99 ft |
| 2616 CEDAR AVE S MINNEAPOLIS MN 55407 | HEIGHTS APARTMENTS LLC | APARTMENT | $596,000 | 111 ft |
| 2625 18TH AVE S MINNEAPOLIS MN 55407 | DN3 LLC | APARTMENT | $762,000 | 137 ft |
| 2629 18TH AVE S MINNEAPOLIS MN 55407 | BLANCA B AVILA RIVAS ET AL | RESIDENTIAL-TWO UNIT | $324,400 | 143 ft |
| 2640 CEDAR AVE S MINNEAPOLIS MN 55407 | TINA M VILLALOBOS | APARTMENT | $384,000 | 148 ft |
| 2621 18TH AVE S MINNEAPOLIS MN 55407 | C M SCHOENBORN & L E HAAS | RESIDENTIAL | $234,000 | 159 ft |
| 2633 18TH AVE S MINNEAPOLIS MN 55407 | KAREN J CLARK | RESIDENTIAL | $231,000 | 168 ft |
| 2612 CEDAR AVE S MINNEAPOLIS MN 55407 | MULATA ASSOCIATE LLC | APARTMENT | $538,000 | 168 ft |
Most Recent Sale
Current Tax Year