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.
3 permits on record since 2017 · $5K total declared value · Most recent: Dec 2017 (res)
CENTERPOINT ENERGY
APPLIED ENERGY INNOVATIONS LLC
SUSTAINABLE RESOURCES CENTER 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
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 sfr / adu benchmarks for 592 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2720 16TH AVE S MINNEAPOLIS MN 55407 | AKY GROUP LLC | RESIDENTIAL | $250,000 | 56 ft |
| 2716 16TH AVE S MINNEAPOLIS MN 55407 | ANGELA STEVENS | VACANT LAND-RESIDENTIAL | $17,000 | 56 ft |
| 2712 16TH AVE S MINNEAPOLIS MN 55407 | SHAWN PEARSON | RESIDENTIAL | $171,900 | 65 ft |
| 2724 16TH AVE S MINNEAPOLIS MN 55407 | AKY GROUP LLC | RESIDENTIAL | $190,000 | 94 ft |
| 2717 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ANN ROSE & MICHAEL ROSE | RESIDENTIAL | $243,600 | 108 ft |
| 2710 16TH AVE S MINNEAPOLIS MN 55407 | EDDY HARRY HENNEMAN | RESIDENTIAL-TWO UNIT | $307,600 | 109 ft |
| 2715 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL-TWO UNIT | $261,800 | 117 ft |
| 2721 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | N H STRANDSKOV/ J E FRANKLIN | RESIDENTIAL | $212,200 | 119 ft |
| 2713 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HAYAT GULED | RESIDENTIAL | $250,000 | 133 ft |
| 2726 16TH AVE S MINNEAPOLIS MN 55407 | S HUMAGAI & J HUMAGAI | RESIDENTIAL | $356,200 | 134 ft |
Most Recent Sale
Current Tax Year