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 2024 · $17K total declared value · Most recent: Apr 2024 (misc)
Red Line Contracting
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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,026 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2730 CEDAR AVE S MINNEAPOLIS MN 55407 | JSW PROPERTIES LLC | RESIDENTIAL | $328,000 | 43 ft |
| 2720 CEDAR AVE S MINNEAPOLIS MN 55407 | LEGACY HOLDINGS 10 LLC | APARTMENT | $972,000 | 55 ft |
| 2732 CEDAR AVE S MINNEAPOLIS MN 55407 | ANDREW D GIBBS | RESIDENTIAL-TWO UNIT | $241,200 | 84 ft |
| 2716 CEDAR AVE S MINNEAPOLIS MN 55407 | MEE LEE | RESIDENTIAL | $253,700 | 116 ft |
| 2736 CEDAR AVE S MINNEAPOLIS MN 55407 | LINDA DOROTHY PRATT LIV TR | RESIDENTIAL | $362,000 | 124 ft |
| 2725 18TH AVE S MINNEAPOLIS MN 55407 | S Y PARTRIDGE & J PARTRIDGE | RESIDENTIAL | $398,800 | 137 ft |
| 2729 18TH AVE S MINNEAPOLIS MN 55407 | RICHARD L DRETSCH | RESIDENTIAL | $199,000 | 143 ft |
| 2721 18TH AVE S MINNEAPOLIS MN 55407 | VU PROPERTIES LLC | RESIDENTIAL | $140,000 | 154 ft |
| 2733 18TH AVE S MINNEAPOLIS MN 55407 | J D MUELLER & S A MUELLER | RESIDENTIAL-TWO UNIT | $290,100 | 160 ft |
| 2740 CEDAR AVE S MINNEAPOLIS MN 55407 | MINNESOTA HOME BROTHERS LLC | RESIDENTIAL | $278,700 | 163 ft |
Most Recent Sale
Current Tax Year