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.
2 permits on record since 2020 · $14K total declared value · Most recent: Oct 2023 (misc)
WELTER CONSTRUCTION LLC
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
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 2,471 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2739 17TH AVE S MINNEAPOLIS MN 55407 | PAUL M WICHMANN | RESIDENTIAL | $316,500 | 39 ft |
| 2747 17TH AVE S MINNEAPOLIS MN 55407 | M Q GANA & G C CANTERO | RESIDENTIAL | $241,400 | 40 ft |
| 2735 17TH AVE S MINNEAPOLIS MN 55407 | R M CABRERA & G K CABRERA | RESIDENTIAL | $148,000 | 76 ft |
| 2751 17TH AVE S MINNEAPOLIS MN 55407 | A ZAMORA & H MIDDLETON | RESIDENTIAL | $256,000 | 80 ft |
| 2731 17TH AVE S MINNEAPOLIS MN 55407 | O L LOPEZ & M O V SALES | RESIDENTIAL | $245,000 | 115 ft |
| 2742 18TH AVE S MINNEAPOLIS MN 55407 | L O SODUNOLA & T T SODUNOLA | RESIDENTIAL-TWO UNIT | $295,900 | 136 ft |
| 2738 18TH AVE S MINNEAPOLIS MN 55407 | ANSELMO PARRA EUMANA | RESIDENTIAL | $228,100 | 142 ft |
| 2746 18TH AVE S MINNEAPOLIS MN 55407 | AARON SYKES | RESIDENTIAL-TWO UNIT | $287,200 | 142 ft |
| 2750 18TH AVE S MINNEAPOLIS MN 55407 | HAROLD W THOMPSON ET AL | RESIDENTIAL | $321,400 | 157 ft |
| 2734 18TH AVE S MINNEAPOLIS MN 55407 | AMANDA YOURD | RESIDENTIAL | $276,900 | 158 ft |
Most Recent Sale
Current Tax Year