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 2020 · Most recent: Mar 2023 (res)
Elias Plumbing LLC
CenterPoint Energy Resource Corp
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 1,669 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2610 17TH AVE S MINNEAPOLIS MN 55407 | CARMELINA A PAREDES GUAMAN | RESIDENTIAL-TWO UNIT | $296,200 | 30 ft |
| 2616 17TH AVE S MINNEAPOLIS MN 55407 | LONNY DOUB | VACANT LAND-RESIDENTIAL | $13,000 | 31 ft |
| 2608 17TH AVE S MINNEAPOLIS MN 55407 | L G GUIRACOCHA & B E SIBRI | RESIDENTIAL-TWO UNIT | $268,200 | 60 ft |
| 2620 17TH AVE S MINNEAPOLIS MN 55407 | LONNY DOUB | RESIDENTIAL | $200,000 | 70 ft |
| 2604 17TH AVE S MINNEAPOLIS MN 55407 | A SULEIMAN & H J ABDI | RESIDENTIAL | $377,000 | 102 ft |
| 2624 17TH AVE S MINNEAPOLIS MN 55407 | YU LI | RESIDENTIAL | $183,900 | 115 ft |
| 2609 16TH AVE S MINNEAPOLIS MN 55407 | L G & K M DOUB | APARTMENT | $1,556,800 | 137 ft |
| 2628 17TH AVE S MINNEAPOLIS MN 55407 | JOSE FERNANDO GONZALEZ | RESIDENTIAL-TWO UNIT | $230,900 | 152 ft |
| 2600 17TH AVE S MINNEAPOLIS MN 55407 | M AYDARUS & F Y ABDIRAHMAN | RESIDENTIAL | $335,000 | 152 ft |
| 2619 16TH AVE S MINNEAPOLIS MN 55407 | JORGE G & PAOLA RIERA | RESIDENTIAL | $371,700 | 161 ft |
Most Recent Sale
Current Tax Year