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 2020 · Most recent: May 2020 (res)
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 2,135 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2611 17TH AVE S MINNEAPOLIS MN 55407 | MARIO M ENCALADA SACTA | RESIDENTIAL-TWO UNIT | $226,600 | 36 ft |
| 2605 17TH AVE S MINNEAPOLIS MN 55407 | L MCFADDEN/WALTER A MCFADDEN | RESIDENTIAL | $424,000 | 54 ft |
| 2613 17TH AVE S MINNEAPOLIS MN 55407 | CLEMENCIA CARCHI | RESIDENTIAL-TWO UNIT | $244,000 | 72 ft |
| 2615 17TH AVE S MINNEAPOLIS MN 55407 | GILLIAN HOPE HENRY ET AL | RESIDENTIAL | $288,000 | 126 ft |
| 1715 26TH ST E MINNEAPOLIS MN 55404 | R&S ACERO CONSTRUCTION INC | RESIDENTIAL | $129,000 | 129 ft |
| 2604 18TH AVE S MINNEAPOLIS MN 55407 | I MELENDEZ & G R RUIZ | RESIDENTIAL | $366,000 | 136 ft |
| 2606 18TH AVE S MINNEAPOLIS MN 55407 | PROJ PRIDE IN LIVING | VACANT LAND-RESIDENTIAL | $3,600 | 137 ft |
| 2608 18TH AVE S MINNEAPOLIS MN 55407 | 18 PENNY LLC | RESIDENTIAL-TWO UNIT | $258,800 | 144 ft |
| 2600 18TH AVE S MINNEAPOLIS MN 55407 | A H BUSTOS & F GOMEZ | RESIDENTIAL | $217,400 | 157 ft |
| 2612 18TH AVE S MINNEAPOLIS MN 55407 | KAREN TOWNSEND | VACANT LAND-RESIDENTIAL | $38,000 | 163 ft |
Most Recent Sale
Current Tax Year