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.
3 permits on record since 2022 · $21K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
RENEWAL BY ANDERSEN CORP
BUDGET EXTERIORS 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 3 — medium-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 2,474 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2736 CEDAR AVE S MINNEAPOLIS MN 55407 | LINDA DOROTHY PRATT LIV TR | RESIDENTIAL | $362,000 | 40 ft |
| 2730 CEDAR AVE S MINNEAPOLIS MN 55407 | JSW PROPERTIES LLC | RESIDENTIAL | $328,000 | 40 ft |
| 2740 CEDAR AVE S MINNEAPOLIS MN 55407 | MINNESOTA HOME BROTHERS LLC | RESIDENTIAL | $278,700 | 80 ft |
| 2724 CEDAR AVE S MINNEAPOLIS MN 55407 | MOHAMUD ABDI | RESIDENTIAL | $328,000 | 84 ft |
| 2733 18TH AVE S MINNEAPOLIS MN 55407 | J D MUELLER & S A MUELLER | RESIDENTIAL-TWO UNIT | $290,100 | 136 ft |
| 2720 CEDAR AVE S MINNEAPOLIS MN 55407 | LEGACY HOLDINGS 10 LLC | APARTMENT | $972,000 | 139 ft |
| 2750 CEDAR AVE S MINNEAPOLIS MN 55407 | RYAN T MAHONEY | CONDOMINIUM | $130,000 | 140 ft |
| 2750 CEDAR AVE S MINNEAPOLIS MN 55407 | CITY/LAKES COMMUNITY LAND TR | CONDOMINIUM | $110,000 | 140 ft |
| 2750 CEDAR AVE S MINNEAPOLIS MN 55407 | SADIK ABDIKADIR ALI | CONDOMINIUM | $128,000 | 140 ft |
| 2750 CEDAR AVE S MINNEAPOLIS MN 55407 | BROOKE HOFFMAN | — | $123,000 | 140 ft |
Most Recent Sale
Current Tax Year