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 ↗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.
6 permits on record since 2019 · $22K total declared value · Most recent: Feb 2025 (res)
MN Plumbing & Home Services INC
RENEWAL BY ANDERSEN CORP
Urban Pine Plumbing and Mechanical Inc
CENTERPOINT ENERGY
TEAM MECHANICAL 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 4,541 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2739 16TH AVE S MINNEAPOLIS MN 55407 | S R RENTALS LLC | RESIDENTIAL | $255,200 | 59 ft |
| 2737 16TH AVE S MINNEAPOLIS MN 55407 | ISMAIL ALI MOHAMED | RESIDENTIAL-ZERO LOT LINE | $163,500 | 98 ft |
| 2735 16TH AVE S MINNEAPOLIS MN 55407 | JOY LOTT | RESIDENTIAL-ZERO LOT LINE | $176,700 | 125 ft |
| 1609 28TH ST E MINNEAPOLIS MN 55407 | ESTEBAN PEREA DELGADO | RESIDENTIAL | $257,000 | 135 ft |
| 2744 17TH AVE S MINNEAPOLIS MN 55407 | ABDINASIR ABDI-OMAR | RESIDENTIAL | $278,400 | 136 ft |
| 2740 17TH AVE S MINNEAPOLIS MN 55407 | C M N CORREA & L T AGUALEMA | RESIDENTIAL | $237,300 | 149 ft |
| 2733 16TH AVE S MINNEAPOLIS MN 55407 | FOUNDING BRICKS INC | RESIDENTIAL-ZERO LOT LINE | $165,000 | 152 ft |
| 2738 17TH AVE S MINNEAPOLIS MN 55407 | ROSE C PLUVIOSE | RESIDENTIAL-ZERO LOT LINE | $166,400 | 168 ft |
| 2805 16TH AVE S MINNEAPOLIS MN 55407 | CRISTIAN PRADA | RESIDENTIAL | $158,000 | 175 ft |
| 2731 16TH AVE S MINNEAPOLIS MN 55407 | SAFIYA GULED | RESIDENTIAL-ZERO LOT LINE | $165,000 | 179 ft |
Most Recent Sale
Current Tax Year