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.
4 permits on record since 2018 · $26K total declared value · Most recent: Oct 2023 (misc)
Paris Roofing LLC
AVALON CONSTRUCTION
Norblom Plumbing Co
Farr Plumbing and Heating 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 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 2,579 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2736 16TH AVE S MINNEAPOLIS MN 55407 | S HASTI & V HASTI | RESIDENTIAL-TWO UNIT | $266,100 | 41 ft |
| 2744 16TH AVE S MINNEAPOLIS MN 55407 | CLARICE WILSON | RESIDENTIAL-TWO UNIT | $403,200 | 41 ft |
| 2732 16TH AVE S MINNEAPOLIS MN 55407 | G B PACHECO & V PACHECO | RESIDENTIAL-TWO UNIT | $273,600 | 82 ft |
| 2726 16TH AVE S MINNEAPOLIS MN 55407 | S HUMAGAI & J HUMAGAI | RESIDENTIAL | $356,200 | 123 ft |
| 2741 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | LURDES Y JARA-PUMA | RESIDENTIAL-TWO UNIT | $287,400 | 135 ft |
| 2737 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | S ADKINS/J COWLEY/J KORSON | RESIDENTIAL | $300,000 | 141 ft |
| 2745 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ALNAHRAYN LLC | RESIDENTIAL-TWO UNIT | $525,000 | 142 ft |
| 2733 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | C J ARIAS & J C A MARTINEZ | RESIDENTIAL-TWO UNIT | $273,900 | 158 ft |
| 2800 16TH AVE S MINNEAPOLIS MN 55407 | W M HUMPHREY & G WILSON | RESIDENTIAL | $233,000 | 162 ft |
| 2724 16TH AVE S MINNEAPOLIS MN 55407 | AKY GROUP LLC | RESIDENTIAL | $190,000 | 164 ft |
Most Recent Sale
Current Tax Year