Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 2025 · $23K total declared value · Most recent: Oct 2025 (misc)
Elite Restoration Pro LLC
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 3,753 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2619 16TH AVE S MINNEAPOLIS MN 55407 | JORGE G & PAOLA RIERA | RESIDENTIAL | $371,700 | 51 ft |
| 2633 16TH AVE S MINNEAPOLIS MN 55407 | RM ORTIZ PROPERTIES LLC | RESIDENTIAL | $210,700 | 55 ft |
| 2635 16TH AVE S MINNEAPOLIS MN 55407 | ADELA AVELAR CARDOSO | RESIDENTIAL | $154,000 | 96 ft |
| 2637 16TH AVE S MINNEAPOLIS MN 55407 | EMILY A PETERSON | RESIDENTIAL | $192,000 | 124 ft |
| 2628 17TH AVE S MINNEAPOLIS MN 55407 | JOSE FERNANDO GONZALEZ | RESIDENTIAL-TWO UNIT | $230,900 | 136 ft |
| 2624 17TH AVE S MINNEAPOLIS MN 55407 | YU LI | RESIDENTIAL | $183,900 | 137 ft |
| 2630 17TH AVE S MINNEAPOLIS MN 55407 | FERNANDO GONZALEZ | RESIDENTIAL-TWO UNIT | $262,900 | 143 ft |
| 2620 17TH AVE S MINNEAPOLIS MN 55407 | LONNY DOUB | RESIDENTIAL | $200,000 | 152 ft |
| 2609 16TH AVE S MINNEAPOLIS MN 55407 | L G & K M DOUB | APARTMENT | $1,556,800 | 159 ft |
| 2636 17TH AVE S MINNEAPOLIS MN 55407 | BLAKE PEDERSON/ANNA JEROME | RESIDENTIAL | $205,200 | 169 ft |
Most Recent Sale
Current Tax Year