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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
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
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 3,446 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2908 16TH AVE S MINNEAPOLIS MN 55407 | MOHAMUD MOHAMUD | APARTMENT | $552,500 | 54 ft |
| 2912 16TH AVE S MINNEAPOLIS MN 55407 | CITY/LAKES COMMUNITY LAND TR | — | $415,000 | 101 ft |
| 2853 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 102 ft |
| 2916 16TH AVE S MINNEAPOLIS MN 55407 | ABEL MARTINEZ | RESIDENTIAL-TWO UNIT | $248,300 | 141 ft |
| 2851 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 170 ft |
| 2909 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | E PHILLIPS COMMONS LTD PTNSP | LOW INCOME RENTAL | $4,137,000 | 171 ft |
| 2920 16TH AVE S MINNEAPOLIS MN 55407 | JOVITA ACEVEDO CRUZ | RESIDENTIAL | $212,900 | 178 ft |
| 2905 16TH AVE S MINNEAPOLIS MN 55407 | M C L CAMPOVERDE/M A V-LEMA | RESIDENTIAL | $176,000 | 184 ft |
| 2901 16TH AVE S MINNEAPOLIS MN 55407 | MILTON I RIVERA IDROVO | RESIDENTIAL | $231,300 | 184 ft |
| 2909 16TH AVE S MINNEAPOLIS MN 55407 | GALO A PINOS PENAFIEL | RESIDENTIAL-TWO UNIT | $268,600 | 192 ft |
Most Recent Sale
Current Tax Year