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.
7 permits on record since 2018 · $275K total declared value · Most recent: Nov 2019 (res)
Patton Heating And Air Conditioning Inc
Patton Heating And Air Conditioning Inc
Patton Heating And Air Conditioning Inc
Patton Heating And Air Conditioning Inc
MH Plumbing 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 small multifamily (2–4 units, wood frame) benchmarks for 2,502 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2916 16TH AVE S MINNEAPOLIS MN 55407 | ABEL MARTINEZ | RESIDENTIAL-TWO UNIT | $248,300 | 40 ft |
| 2908 16TH AVE S MINNEAPOLIS MN 55407 | MOHAMUD MOHAMUD | APARTMENT | $552,500 | 47 ft |
| 2920 16TH AVE S MINNEAPOLIS MN 55407 | JOVITA ACEVEDO CRUZ | RESIDENTIAL | $212,900 | 77 ft |
| 2900 16TH AVE S MINNEAPOLIS MN 55407 | TRUY LE | APARTMENT | $521,000 | 101 ft |
| 2924 16TH AVE S MINNEAPOLIS MN 55407 | MANUEL C GUAMBANA ET AL | RESIDENTIAL | $305,000 | 114 ft |
| 2909 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | E PHILLIPS COMMONS LTD PTNSP | LOW INCOME RENTAL | $4,137,000 | 135 ft |
| 2926 16TH AVE S MINNEAPOLIS MN 55407 | MARCO V & NUBE M ROMERO | RESIDENTIAL | $370,000 | 150 ft |
| 2913 16TH AVE S MINNEAPOLIS MN 55407 | SONG BUN SEAK | LOW INCOME RENTAL | $217,700 | 183 ft |
| 2930 16TH AVE S MINNEAPOLIS MN 55407 | ERICK DIAZ CONTRERAS | RESIDENTIAL-TWO UNIT | $221,700 | 184 ft |
| 2917 16TH AVE S MINNEAPOLIS MN 55407 | MARIA I SERCAS-MARTINEZETAL | RESIDENTIAL | $229,200 | 187 ft |
Most Recent Sale
Current Tax Year