Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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.
2 permits on record since 2024 · $8K total declared value · Most recent: Apr 2025 (misc)
Manuel Cruz Lema Lema
Vector Services LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Midtown Phillips · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1258
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 2,917 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1509 28TH ST E MINNEAPOLIS MN 55407 | V B MARTINEZ HERNANDEZ ET AL | RESIDENTIAL | $267,000 | 61 ft |
| 2811 15TH AVE S MINNEAPOLIS MN 55407 | ASHO HIRSI | RESIDENTIAL | $342,000 | 64 ft |
| 2813 15TH AVE S MINNEAPOLIS MN 55407 | SAID AHMED | RESIDENTIAL | $354,000 | 104 ft |
| 2817 15TH AVE S MINNEAPOLIS MN 55407 | MARTINE POLA | RESIDENTIAL-TWO UNIT | $323,900 | 144 ft |
| 2747 15TH AVE S MINNEAPOLIS MN 55407 | FREDDY P LAZO ALVARADO | RESIDENTIAL-TWO UNIT | $262,600 | 145 ft |
| 2800 15TH AVE S MINNEAPOLIS MN 55407 | GOLDEN INVESTMENTS LLC | RESIDENTIAL | $222,900 | 146 ft |
| 2806 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MARYAN GARAD | CONDOMINIUM | $239,000 | 158 ft |
| 2804 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MABELU WERUTAW | CONDOMINIUM | $232,000 | 158 ft |
| 2802 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FARHIYA MOHAMED | CONDOMINIUM | $226,000 | 158 ft |
| 2800 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MUNA GARAD | CONDOMINIUM | $235,000 | 158 ft |
Most Recent Sale
Current Tax Year