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.
1 permit on record since 2020 · $2K total declared value · Most recent: May 2020 (misc)
Jeff Schibilla
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 |
|---|---|---|---|---|
| 2800 16TH AVE S MINNEAPOLIS MN 55407 | W M HUMPHREY & G WILSON | RESIDENTIAL | $233,000 | 41 ft |
| 2808 16TH AVE S MINNEAPOLIS MN 55407 | JORGE RIERA | RESIDENTIAL-TWO UNIT | $252,400 | 41 ft |
| 2812 16TH AVE S MINNEAPOLIS MN 55407 | MARIA TORRES | RESIDENTIAL | $252,900 | 82 ft |
| 2816 16TH AVE S MINNEAPOLIS MN 55407 | SONYA EWERT | RESIDENTIAL | $292,200 | 123 ft |
| 2805 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FLORA ALVARADO | RESIDENTIAL | $247,000 | 135 ft |
| 2801 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MUJAHIDIN BULLE | APARTMENT | $526,000 | 141 ft |
| 2809 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 141 ft |
| 2813 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JEREMY A COUDRAY | RESIDENTIAL-TWO UNIT | $269,800 | 158 ft |
| 2744 16TH AVE S MINNEAPOLIS MN 55407 | CLARICE WILSON | RESIDENTIAL-TWO UNIT | $403,200 | 162 ft |
| 2820 16TH AVE S MINNEAPOLIS MN 55407 | R C JIMENEZ & A G GUTIERREZ | RESIDENTIAL | $389,000 | 163 ft |
Most Recent Sale
Current Tax Year