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.
7 permits on record since 2019 · $48K total declared value · Most recent: Sep 2025 (existres)
4Front Energy Solutions Inc
AQUARIUS HOME SERVICES
Black Ladder Restoration LLC
STANDARD WATER CONTROL SYSTEMS INC
Airic's Heating & Air Conditioning 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 1,899 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2631 17TH AVE S MINNEAPOLIS MN 55407 | PARK AVE HOMES LLC | LOW INCOME RENTAL | $175,000 | 33 ft |
| 2627 17TH AVE S MINNEAPOLIS MN 55407 | NUVO PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $313,100 | 33 ft |
| 2635 17TH AVE S MINNEAPOLIS MN 55407 | N ESUOSO & A EUSOSO | RESIDENTIAL | $271,000 | 66 ft |
| 2623 17TH AVE S MINNEAPOLIS MN 55407 | CITY/LAKES COMMUNITY LAND TR | — | $410,000 | 67 ft |
| 2637 17TH AVE S MINNEAPOLIS MN 55407 | CARLOS RIGOBERTO JARA RIERA | RESIDENTIAL-TWO UNIT | $262,400 | 116 ft |
| 2615 17TH AVE S MINNEAPOLIS MN 55407 | GILLIAN HOPE HENRY ET AL | RESIDENTIAL | $288,000 | 121 ft |
| 2626 18TH AVE S MINNEAPOLIS MN 55407 | FAHAD MAHDI | RESIDENTIAL | $238,300 | 138 ft |
| 2620 18TH AVE S MINNEAPOLIS MN 55407 | P WICHMANN & D WICHMANN | RESIDENTIAL-TWO UNIT | $290,700 | 139 ft |
| 2618 18TH AVE S MINNEAPOLIS MN 55407 | P M WICHMANN & D E WICHMANN | RESIDENTIAL-TWO UNIT | $217,000 | 154 ft |
| 2630 18TH AVE S MINNEAPOLIS MN 55407 | MEGAN C KUHL-STENNES ET AL | RESIDENTIAL | $170,000 | 159 ft |
Most Recent Sale
Current Tax Year