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.
5 permits on record since 2020 · $26K total declared value · Most recent: Oct 2024 (misc)
Cristian Prada
KAUFMAN SHEET METAL ROOFING INC
RENEWAL BY ANDERSEN CORP
Airic's Heating & Air Conditioning Inc
GREAT LAKES WINDOW AND SIDING CO
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 2,571 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1609 28TH ST E MINNEAPOLIS MN 55407 | ESTEBAN PEREA DELGADO | RESIDENTIAL | $257,000 | 41 ft |
| 2809 16TH AVE S MINNEAPOLIS MN 55407 | JONATHON M LANE | RESIDENTIAL-TWO UNIT | $309,300 | 41 ft |
| 2813 16TH AVE S MINNEAPOLIS MN 55407 | N BRUCE SINGER | RESIDENTIAL | $199,000 | 82 ft |
| 2815 16TH AVE S MINNEAPOLIS MN 55407 | JINNING QI | RESIDENTIAL-TWO UNIT | $287,200 | 123 ft |
| 2806 17TH AVE S MINNEAPOLIS MN 55407 | CORNERSTONE DEVELOPMENT LLC | RESIDENTIAL | $402,000 | 135 ft |
| 2800 17TH AVE S MINNEAPOLIS MN 55407 | RAFAEL O MENDEZ PUMA | RESIDENTIAL | $227,600 | 141 ft |
| 2808 17TH AVE S MINNEAPOLIS MN 55407 | BRIAN S WITT | RESIDENTIAL | $233,200 | 141 ft |
| 2814 17TH AVE S MINNEAPOLIS MN 55407 | MOHAMED ARMELI | RESIDENTIAL | $219,500 | 157 ft |
| 2821 16TH AVE S MINNEAPOLIS MN 55407 | E F TORRES & M L TORRES | RESIDENTIAL | $340,000 | 164 ft |
| 2743 16TH AVE S MINNEAPOLIS MN 55407 | JOAN MARIE VANHALA | RESIDENTIAL | $223,000 | 175 ft |
Most Recent Sale
Current Tax Year