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 ↗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.
No permits found in Minneapolis open data for this parcel.
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 4,016 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2707 18TH AVE S MINNEAPOLIS MN 55407 | K M ROSSBACH & J J ROSS | RESIDENTIAL | $277,000 | 58 ft |
| 2717 18TH AVE S MINNEAPOLIS MN 55407 | JACOB PROPERTIES CORPORATION | RESIDENTIAL-TWO UNIT | $199,500 | 58 ft |
| 2721 18TH AVE S MINNEAPOLIS MN 55407 | VU PROPERTIES LLC | RESIDENTIAL | $140,000 | 102 ft |
| 1801 27TH ST E MINNEAPOLIS MN 55407 | LINDA KAY LEONARD | RESIDENTIAL | $164,000 | 120 ft |
| 1805 27TH ST E MINNEAPOLIS MN 55407 | KOFI YEBOAH | RESIDENTIAL | $160,000 | 120 ft |
| 2712 CEDAR AVE S MINNEAPOLIS MN 55407 | ANGEL C GUACHICHULA ET AL | RESIDENTIAL | $401,400 | 135 ft |
| 2706 CEDAR AVE S MINNEAPOLIS MN 55407 | YU LI | RESIDENTIAL | $289,000 | 147 ft |
| 2716 CEDAR AVE S MINNEAPOLIS MN 55407 | MEE LEE | RESIDENTIAL | $253,700 | 147 ft |
| 2725 18TH AVE S MINNEAPOLIS MN 55407 | S Y PARTRIDGE & J PARTRIDGE | RESIDENTIAL | $398,800 | 157 ft |
| 2700 CEDAR AVE S MINNEAPOLIS MN 55407 | GREEN MOUNTAIN ENTERPRZ LLC | VACANT LAND-RESIDENTIAL | $30,000 | 179 ft |
Current Tax Year