Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
4 permits on record since 2023 · $9K total declared value · Most recent: Aug 2025 (existres)
Residential Heating and Air Conditioning Inc
Wolf River Electric
SODERLIN PLUMBING HEATING AND AIR
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
Residential Mixed-Use 1 — low-density mixed 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 1,586 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2713 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HAYAT GULED | RESIDENTIAL | $250,000 | 29 ft |
| 2709 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FALMATU B DEDEFO | RESIDENTIAL-TWO UNIT | $229,900 | 29 ft |
| 2715 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL-TWO UNIT | $261,800 | 62 ft |
| 2705 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | PABLO I ARIAS | RESIDENTIAL-TWO UNIT | $194,700 | 68 ft |
| 2703 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MARIA CHIRIGUAYA RONQUILLO | RESIDENTIAL-TWO UNIT | $200,500 | 107 ft |
| 2717 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ANN ROSE & MICHAEL ROSE | RESIDENTIAL | $243,600 | 108 ft |
| 2710 16TH AVE S MINNEAPOLIS MN 55407 | EDDY HARRY HENNEMAN | RESIDENTIAL-TWO UNIT | $307,600 | 135 ft |
| 2701 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ABDULKADIR KAHIYE | COMMERCIAL-PREFERRED | $751,000 | 141 ft |
| 2712 16TH AVE S MINNEAPOLIS MN 55407 | SHAWN PEARSON | RESIDENTIAL | $171,900 | 143 ft |
| 2704 16TH AVE S MINNEAPOLIS MN 55407 | I Y ABOAGYE & R ABOAGYE | APARTMENT | $562,000 | 144 ft |
Most Recent Sale
Current Tax Year