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 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 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 ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗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.
No permits found in Minneapolis open data for this parcel.
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
Lot dimensions are insufficient for the standard setbacks shown.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2900 16TH AVE S MINNEAPOLIS MN 55407 | TRUY LE | APARTMENT | $521,000 | 102 ft |
| 2908 16TH AVE S MINNEAPOLIS MN 55407 | MOHAMUD MOHAMUD | APARTMENT | $552,500 | 147 ft |
| 2851 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 172 ft |
| 2845 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | GREENWAY HEIGHTS LTD PRTNSHP | LOW INCOME RENTAL | $5,626,000 | 177 ft |
| 2912 16TH AVE S MINNEAPOLIS MN 55407 | CITY/LAKES COMMUNITY LAND TR | — | $415,000 | 190 ft |
| 2909 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | E PHILLIPS COMMONS LTD PTNSP | LOW INCOME RENTAL | $4,137,000 | 193 ft |
| 2916 16TH AVE S MINNEAPOLIS MN 55407 | ABEL MARTINEZ | RESIDENTIAL-TWO UNIT | $248,300 | 228 ft |
| 2838 16TH AVE S MINNEAPOLIS MN 55407 | RENE OVIDIO ANGEL | RESIDENTIAL | $204,000 | 243 ft |
| 2901 16TH AVE S MINNEAPOLIS MN 55407 | MILTON I RIVERA IDROVO | RESIDENTIAL | $231,300 | 258 ft |
| 2920 16TH AVE S MINNEAPOLIS MN 55407 | JOVITA ACEVEDO CRUZ | RESIDENTIAL | $212,900 | 263 ft |
Current Tax Year