Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
2 permits on record since 2022 · Most recent: Apr 2026 (res)
Warners Stellian Co Inc
Metro Heating & Cooling LLC
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
Residential Mixed-Use 1 — low-density mixed 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 2,526 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2926 CEDAR AVE S MINNEAPOLIS MN 55407 | THE ISRAEL OF GOD | COMMERCIAL-PREFERRED | $0 | 45 ft |
| 2934 CEDAR AVE S MINNEAPOLIS MN 55407 | JDR PROPS 3016 JD LLC ET AL | LOW INCOME RENTAL | $1,365,000 | 61 ft |
| 2922 CEDAR AVE S MINNEAPOLIS MN 55407 | THE ISRAEL OF GOD | COMMERCIAL-PREFERRED | $0 | 92 ft |
| 2931 18TH AVE S MINNEAPOLIS MN 55407 | ABDIFITAH HASSAN | RESIDENTIAL | $363,000 | 135 ft |
| 2935 18TH AVE S MINNEAPOLIS MN 55407 | EDDY G GUARCAS AJCALON | RESIDENTIAL-TWO UNIT | $262,400 | 141 ft |
| 2927 18TH AVE S MINNEAPOLIS MN 55407 | DNT INVESTMENT LLC | VACANT LAND-RESIDENTIAL | $35,000 | 141 ft |
| 2925 18TH AVE S MINNEAPOLIS MN 55407 | NELVA R LOPEZ AREVALO | RESIDENTIAL | $316,000 | 156 ft |
| 2939 18TH AVE S MINNEAPOLIS MN 55407 | SABINO ESPINOZA LOPEZ | RESIDENTIAL-TWO UNIT | $225,100 | 158 ft |
| 2916 CEDAR AVE S MINNEAPOLIS MN 55407 | HILDA V MORK | RESIDENTIAL-TWO UNIT | $300,700 | 177 ft |
| 1822 LAKE ST E MINNEAPOLIS MN 55407 | MOS REAL ESTATE LLC | TRIPLEX | $1,316,100 | 179 ft |
Most Recent Sale
Current Tax Year