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.
1 permit on record since 2017 · Most recent: Oct 2017 (res)
Urban Pine Plumbing and 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 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 3,248 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2626 CEDAR AVE S MINNEAPOLIS MN 55407 | JALILIA ABDUL-BROWN | RESIDENTIAL | $370,000 | 50 ft |
| 2638 CEDAR AVE S MINNEAPOLIS MN 55407 | J CAMPUZANO & A CAMPUZANO | RESIDENTIAL | $205,100 | 50 ft |
| 2640 CEDAR AVE S MINNEAPOLIS MN 55407 | TINA M VILLALOBOS | APARTMENT | $384,000 | 99 ft |
| 2620 CEDAR AVE S MINNEAPOLIS MN 55407 | MATRIX ASSET SOLUTIONS LLC | LOW INCOME RENTAL | $732,000 | 103 ft |
| 2629 18TH AVE S MINNEAPOLIS MN 55407 | BLANCA B AVILA RIVAS ET AL | RESIDENTIAL-TWO UNIT | $324,400 | 135 ft |
| 2633 18TH AVE S MINNEAPOLIS MN 55407 | KAREN J CLARK | RESIDENTIAL | $231,000 | 144 ft |
| 2625 18TH AVE S MINNEAPOLIS MN 55407 | DN3 LLC | APARTMENT | $762,000 | 153 ft |
| 2616 CEDAR AVE S MINNEAPOLIS MN 55407 | HEIGHTS APARTMENTS LLC | APARTMENT | $596,000 | 161 ft |
| 2641 18TH AVE S MINNEAPOLIS MN 55407 | KREATIVE REAL ESTATE LLC | RESIDENTIAL | $164,700 | 168 ft |
| 2646 CEDAR AVE S MINNEAPOLIS MN 55407 | GREEN MOUNTAIN ENTRPRS LLC | COMMERCIAL-PREFERRED | $438,000 | 173 ft |
Most Recent Sale
Current Tax Year