Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 2017 · Most recent: May 2017 (existres)
VINZANT INDUSTRIES 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
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 2,881 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2712 16TH AVE S MINNEAPOLIS MN 55407 | SHAWN PEARSON | RESIDENTIAL | $171,900 | 46 ft |
| 2704 16TH AVE S MINNEAPOLIS MN 55407 | I Y ABOAGYE & R ABOAGYE | APARTMENT | $562,000 | 53 ft |
| 2702 16TH AVE S MINNEAPOLIS MN 55407 | GREGORY M SCHULTZ | RESIDENTIAL-TWO UNIT | $283,500 | 102 ft |
| 2716 16TH AVE S MINNEAPOLIS MN 55407 | ANGELA STEVENS | VACANT LAND-RESIDENTIAL | $17,000 | 103 ft |
| 2718 16TH AVE S MINNEAPOLIS MN 55407 | ANGELA STEVENS | RESIDENTIAL | $241,000 | 109 ft |
| 2711 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | D BEGAY & A P BEGAY | RESIDENTIAL | $245,800 | 135 ft |
| 2713 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HAYAT GULED | RESIDENTIAL | $250,000 | 138 ft |
| 2709 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FALMATU B DEDEFO | RESIDENTIAL-TWO UNIT | $229,900 | 138 ft |
| 2700 16TH AVE S MINNEAPOLIS MN 55407 | J F QUILLIGANA PUJOS | RESIDENTIAL | $354,000 | 142 ft |
| 2715 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL-TWO UNIT | $261,800 | 148 ft |
Current Tax Year