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: Jun 2025 (res)
Paul Bunyan Plumbing, 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Lot dimensions are insufficient for the standard setbacks shown.
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 2,245 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2702 16TH AVE S MINNEAPOLIS MN 55407 | GREGORY M SCHULTZ | RESIDENTIAL-TWO UNIT | $283,500 | 40 ft |
| 2704 16TH AVE S MINNEAPOLIS MN 55407 | I Y ABOAGYE & R ABOAGYE | APARTMENT | $562,000 | 90 ft |
| 2650 16TH AVE S MINNEAPOLIS MN 55407 | JAYNE E O'CONNOR | RESIDENTIAL-TWO UNIT | $247,500 | 99 ft |
| 2701 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ABDULKADIR KAHIYE | COMMERCIAL-PREFERRED | $751,000 | 135 ft |
| 2646 16TH AVE S MINNEAPOLIS MN 55407 | ELVIA PATRICIA QUINTUNA | RESIDENTIAL-TWO UNIT | $276,800 | 138 ft |
| 2703 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MARIA CHIRIGUAYA RONQUILLO | RESIDENTIAL-TWO UNIT | $200,500 | 139 ft |
| 2710 16TH AVE S MINNEAPOLIS MN 55407 | EDDY HARRY HENNEMAN | RESIDENTIAL-TWO UNIT | $307,600 | 142 ft |
| 1601 27TH ST E MINNEAPOLIS MN 55407 | M L N CORREA & R G O BERNAL | RESIDENTIAL | $172,700 | 147 ft |
| 2705 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | PABLO I ARIAS | RESIDENTIAL-TWO UNIT | $194,700 | 154 ft |
| 2709 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FALMATU B DEDEFO | RESIDENTIAL-TWO UNIT | $229,900 | 175 ft |
Most Recent Sale
Current Tax Year