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.
1 permit on record since 2008 · $60K total declared value · Most recent: Jun 2008 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 2,503 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2921 16TH AVE S MINNEAPOLIS MN 55407 | A R MARTINEZ/I M RUIZ ET AL | RESIDENTIAL | $386,000 | 37 ft |
| 2927 16TH AVE S MINNEAPOLIS MN 55407 | NATALY SANCHEZ | RESIDENTIAL | $187,000 | 40 ft |
| 2917 16TH AVE S MINNEAPOLIS MN 55407 | MARIA I SERCAS-MARTINEZETAL | RESIDENTIAL | $229,200 | 74 ft |
| 2931 16TH AVE S MINNEAPOLIS MN 55407 | R J CZERNIK/L GUILLEN-GIVENS | RESIDENTIAL | $262,300 | 81 ft |
| 2913 16TH AVE S MINNEAPOLIS MN 55407 | SONG BUN SEAK | LOW INCOME RENTAL | $217,700 | 115 ft |
| 2935 16TH AVE S MINNEAPOLIS MN 55407 | SHERZAD KORDIAN | RESIDENTIAL | $360,000 | 123 ft |
| 2924 17TH AVE S MINNEAPOLIS MN 55407 | E M B POMAVILLA & M B DUCHI | RESIDENTIAL | $285,900 | 136 ft |
| 2928 17TH AVE S MINNEAPOLIS MN 55407 | RUBICEL JIMENEZ MAGANA | RESIDENTIAL | $367,000 | 141 ft |
| 2916 17TH AVE S MINNEAPOLIS MN 55407 | ALBERTO LUIS MARTINEZ | RESIDENTIAL-TWO UNIT | $209,300 | 147 ft |
| 2909 16TH AVE S MINNEAPOLIS MN 55407 | GALO A PINOS PENAFIEL | RESIDENTIAL-TWO UNIT | $268,600 | 154 ft |
Most Recent Sale
Current Tax Year