Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 ↗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.
4 permits on record since 2024 · Most recent: Jul 2025 (existres)
Heating and Cooling Design Inc
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Elias Plumbing 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
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 2,572 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2813 16TH AVE S MINNEAPOLIS MN 55407 | N BRUCE SINGER | RESIDENTIAL | $199,000 | 41 ft |
| 2821 16TH AVE S MINNEAPOLIS MN 55407 | E F TORRES & M L TORRES | RESIDENTIAL | $340,000 | 41 ft |
| 2809 16TH AVE S MINNEAPOLIS MN 55407 | JONATHON M LANE | RESIDENTIAL-TWO UNIT | $309,300 | 82 ft |
| 2825 16TH AVE S MINNEAPOLIS MN 55407 | THE NOOSSER FIVE LLC | RESIDENTIAL-TWO UNIT | $209,600 | 82 ft |
| 2829 16TH AVE S MINNEAPOLIS MN 55407 | MANZOOR A MOGHUL | RESIDENTIAL | $171,000 | 123 ft |
| 2805 16TH AVE S MINNEAPOLIS MN 55407 | CRISTIAN PRADA | RESIDENTIAL | $158,000 | 123 ft |
| 2816 17TH AVE S MINNEAPOLIS MN 55407 | DANA LYNN GUDMUNDSON | RESIDENTIAL | $236,500 | 135 ft |
| 2814 17TH AVE S MINNEAPOLIS MN 55407 | MOHAMED ARMELI | RESIDENTIAL | $219,500 | 141 ft |
| 2820 17TH AVE S MINNEAPOLIS MN 55407 | A G PEREZ & L PEREZ MARTINEZ | RESIDENTIAL | $273,000 | 141 ft |
| 2824 17TH AVE S MINNEAPOLIS MN 55407 | YVONNE L HEMPHILL | RESIDENTIAL | $267,000 | 157 ft |
Most Recent Sale
Current Tax Year