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 2025 · Most recent: Dec 2025 (res)
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 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 4,018 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2712 CEDAR AVE S MINNEAPOLIS MN 55407 | ANGEL C GUACHICHULA ET AL | RESIDENTIAL | $401,400 | 58 ft |
| 2700 CEDAR AVE S MINNEAPOLIS MN 55407 | GREEN MOUNTAIN ENTERPRZ LLC | VACANT LAND-RESIDENTIAL | $30,000 | 58 ft |
| 2716 CEDAR AVE S MINNEAPOLIS MN 55407 | MEE LEE | RESIDENTIAL | $253,700 | 116 ft |
| 1805 27TH ST E MINNEAPOLIS MN 55407 | KOFI YEBOAH | RESIDENTIAL | $160,000 | 119 ft |
| 2707 18TH AVE S MINNEAPOLIS MN 55407 | K M ROSSBACH & J J ROSS | RESIDENTIAL | $277,000 | 135 ft |
| 2713 18TH AVE S MINNEAPOLIS MN 55407 | DUWAYNE RODACKER LIVING TRST | RESIDENTIAL-TWO UNIT | $283,800 | 147 ft |
| 1801 27TH ST E MINNEAPOLIS MN 55407 | LINDA KAY LEONARD | RESIDENTIAL | $164,000 | 175 ft |
| 2720 CEDAR AVE S MINNEAPOLIS MN 55407 | LEGACY HOLDINGS 10 LLC | APARTMENT | $972,000 | 177 ft |
| 2717 18TH AVE S MINNEAPOLIS MN 55407 | JACOB PROPERTIES CORPORATION | RESIDENTIAL-TWO UNIT | $199,500 | 179 ft |
| 2646 CEDAR AVE S MINNEAPOLIS MN 55407 | GREEN MOUNTAIN ENTRPRS LLC | COMMERCIAL-PREFERRED | $438,000 | 197 ft |
Most Recent Sale
Current Tax Year