Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 2017 · Most recent: Sep 2019 (res)
CenterPoint Energy Resource Corp
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 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,167 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1605 27TH ST E MINNEAPOLIS MN 55407 | KAELIE FARRAH | RESIDENTIAL | $167,000 | 41 ft |
| 1609 27TH ST E MINNEAPOLIS MN 55407 | UCOZYHOME LLC | RESIDENTIAL-TWO UNIT | $291,500 | 82 ft |
| 2711 16TH AVE S MINNEAPOLIS MN 55407 | WILLAN E GONZALEZ | TRIPLEX | $395,900 | 88 ft |
| 2715 16TH AVE S MINNEAPOLIS MN 55407 | RUBI G FUENTES SAGUILAN | RESIDENTIAL | $244,000 | 120 ft |
| 2702 16TH AVE S MINNEAPOLIS MN 55407 | GREGORY M SCHULTZ | RESIDENTIAL-TWO UNIT | $283,500 | 142 ft |
| 2700 16TH AVE S MINNEAPOLIS MN 55407 | J F QUILLIGANA PUJOS | RESIDENTIAL | $354,000 | 147 ft |
| 2704 16TH AVE S MINNEAPOLIS MN 55407 | I Y ABOAGYE & R ABOAGYE | APARTMENT | $562,000 | 152 ft |
| 2719 16TH AVE S MINNEAPOLIS MN 55407 | TITO MENDOZA | RESIDENTIAL-TWO UNIT | $339,700 | 156 ft |
| 2706 17TH AVE S MINNEAPOLIS MN 55407 | C E ALEXANDER-GRANT | RESIDENTIAL | $116,000 | 176 ft |
| 2710 16TH AVE S MINNEAPOLIS MN 55407 | EDDY HARRY HENNEMAN | RESIDENTIAL-TWO UNIT | $307,600 | 177 ft |
Most Recent Sale
Current Tax Year