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 1,460 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2640 17TH AVE S MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 28 ft |
| 2636 17TH AVE S MINNEAPOLIS MN 55407 | BLAKE PEDERSON/ANNA JEROME | RESIDENTIAL | $205,200 | 48 ft |
| 1620 27TH ST E MINNEAPOLIS MN 55407 | RONALD D & BETSY L MOEY | RESIDENTIAL-TWO UNIT | $197,500 | 83 ft |
| 1612 27TH ST E MINNEAPOLIS MN 55407 | JINNING QI & HONG ZHENG | RESIDENTIAL-TWO UNIT | $255,200 | 90 ft |
| 2630 17TH AVE S MINNEAPOLIS MN 55407 | FERNANDO GONZALEZ | RESIDENTIAL-TWO UNIT | $262,900 | 103 ft |
| 2637 16TH AVE S MINNEAPOLIS MN 55407 | EMILY A PETERSON | RESIDENTIAL | $192,000 | 138 ft |
| 2628 17TH AVE S MINNEAPOLIS MN 55407 | JOSE FERNANDO GONZALEZ | RESIDENTIAL-TWO UNIT | $230,900 | 138 ft |
| 2635 16TH AVE S MINNEAPOLIS MN 55407 | ADELA AVELAR CARDOSO | RESIDENTIAL | $154,000 | 145 ft |
| 2645 16TH AVE S MINNEAPOLIS MN 55407 | D H OLSON & P L CHRISTENSEN | RESIDENTIAL | $263,100 | 145 ft |
| 2633 16TH AVE S MINNEAPOLIS MN 55407 | RM ORTIZ PROPERTIES LLC | RESIDENTIAL | $210,700 | 165 ft |
Most Recent Sale
Current Tax Year