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.
1 permit on record since 2007 · $50K total declared value · Most recent: Dec 2007 (building re-inspection)
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
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2934 CEDAR AVE S MINNEAPOLIS MN 55407 | JDR PROPS 3016 JD LLC ET AL | LOW INCOME RENTAL | $1,365,000 | 119 ft |
| 1804 LAKE ST E MINNEAPOLIS MN 55407 | ADVANCE STORES COMPANY INC | COMMERCIAL-PREFERRED | $1,326,000 | 130 ft |
| 2930 CEDAR AVE S MINNEAPOLIS MN 55407 | 2930 CEDAR AVENUE LLC | RESIDENTIAL-TWO UNIT | $369,900 | 179 ft |
| 2939 18TH AVE S MINNEAPOLIS MN 55407 | SABINO ESPINOZA LOPEZ | RESIDENTIAL-TWO UNIT | $225,100 | 183 ft |
| 1813 LAKE ST E MINNEAPOLIS MN 55407 | M&S PROPERTIES LLC | COMMERCIAL-PREFERRED | $141,000 | 188 ft |
| 1817 LAKE ST E MINNEAPOLIS MN 55407 | MOS REAL ESTATE LLC | COMMERCIAL-NON PREFERRED | $622,000 | 188 ft |
| 1815 LAKE ST E MINNEAPOLIS MN 55407 | M & S PROPERTIES LLC | COMMERCIAL-PREFERRED | $260,000 | 202 ft |
| 2935 18TH AVE S MINNEAPOLIS MN 55407 | EDDY G GUARCAS AJCALON | RESIDENTIAL-TWO UNIT | $262,400 | 207 ft |
| 2926 CEDAR AVE S MINNEAPOLIS MN 55407 | THE ISRAEL OF GOD | COMMERCIAL-PREFERRED | $0 | 216 ft |
| 1809 LAKE ST E MINNEAPOLIS MN 55407 | MOS REAL ESTATE LLC | LAND-COMMERCIAL | $45,600 | 228 ft |