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 2022 · $3K total declared value · Most recent: Aug 2022 (misc)
Lino Espinoza
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 2,522 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2935 18TH AVE S MINNEAPOLIS MN 55407 | EDDY G GUARCAS AJCALON | RESIDENTIAL-TWO UNIT | $262,400 | 40 ft |
| 2931 18TH AVE S MINNEAPOLIS MN 55407 | ABDIFITAH HASSAN | RESIDENTIAL | $363,000 | 80 ft |
| 1804 LAKE ST E MINNEAPOLIS MN 55407 | ADVANCE STORES COMPANY INC | COMMERCIAL-PREFERRED | $1,326,000 | 101 ft |
| 2927 18TH AVE S MINNEAPOLIS MN 55407 | DNT INVESTMENT LLC | VACANT LAND-RESIDENTIAL | $35,000 | 120 ft |
| 2934 CEDAR AVE S MINNEAPOLIS MN 55407 | JDR PROPS 3016 JD LLC ET AL | LOW INCOME RENTAL | $1,365,000 | 137 ft |
| 2930 CEDAR AVE S MINNEAPOLIS MN 55407 | 2930 CEDAR AVENUE LLC | RESIDENTIAL-TWO UNIT | $369,900 | 158 ft |
| 2925 18TH AVE S MINNEAPOLIS MN 55407 | NELVA R LOPEZ AREVALO | RESIDENTIAL | $316,000 | 159 ft |
| 2938 18TH AVE S MINNEAPOLIS MN 55407 | MICHAEL L JUDGE | RESIDENTIAL-TWO UNIT | $268,200 | 183 ft |
| 1822 LAKE ST E MINNEAPOLIS MN 55407 | MOS REAL ESTATE LLC | TRIPLEX | $1,316,100 | 183 ft |
| 2934 18TH AVE S MINNEAPOLIS MN 55407 | JEREMY GRAY & BOBBI GRAY | RESIDENTIAL | $200,900 | 187 ft |
Most Recent Sale
Current Tax Year