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.
3 permits on record since 2021 · $8K total declared value · Most recent: Sep 2025 (existres)
Ray N Welter Heating Co
Superior Builders Inc
FFM 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 1,404 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2734 17TH AVE S MINNEAPOLIS MN 55407 | MADISON AVE HOMES LLC | LOW INCOME RENTAL | $164,900 | 27 ft |
| 2738 17TH AVE S MINNEAPOLIS MN 55407 | ROSE C PLUVIOSE | RESIDENTIAL-ZERO LOT LINE | $166,400 | 27 ft |
| 2732 17TH AVE S MINNEAPOLIS MN 55407 | J AND M HOMES II LLC | LOW INCOME RENTAL | $164,900 | 54 ft |
| 2740 17TH AVE S MINNEAPOLIS MN 55407 | C M N CORREA & L T AGUALEMA | RESIDENTIAL | $237,300 | 66 ft |
| 2730 17TH AVE S MINNEAPOLIS MN 55407 | VLADO RENTAL LLC | RESIDENTIAL-ZERO LOT LINE | $224,600 | 81 ft |
| 2728 17TH AVE S MINNEAPOLIS MN 55407 | VLADO RENTAL LLC | RESIDENTIAL-ZERO LOT LINE | $222,700 | 108 ft |
| 2744 17TH AVE S MINNEAPOLIS MN 55407 | ABDINASIR ABDI-OMAR | RESIDENTIAL | $278,400 | 125 ft |
| 2735 16TH AVE S MINNEAPOLIS MN 55407 | JOY LOTT | RESIDENTIAL-ZERO LOT LINE | $176,700 | 136 ft |
| 2733 16TH AVE S MINNEAPOLIS MN 55407 | FOUNDING BRICKS INC | RESIDENTIAL-ZERO LOT LINE | $165,000 | 138 ft |
| 2737 16TH AVE S MINNEAPOLIS MN 55407 | ISMAIL ALI MOHAMED | RESIDENTIAL-ZERO LOT LINE | $163,500 | 139 ft |
Most Recent Sale
Current Tax Year