Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗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 ↗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 2024 · $14K total declared value · Most recent: May 2024 (misc)
KRECH EXTERIORS INC
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
Residential Mixed-Use 1 — low-density mixed 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 3-story wood frame (5–12 units) benchmarks for 3,678 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2904 CEDAR AVE S MINNEAPOLIS MN 55407 | ADRIANA NMN ESPINOSA JIMENEZ | RESIDENTIAL | $220,900 | 54 ft |
| 2916 CEDAR AVE S MINNEAPOLIS MN 55407 | HILDA V MORK | RESIDENTIAL-TWO UNIT | $300,700 | 56 ft |
| 2913 18TH AVE S MINNEAPOLIS MN 55407 | 4PLEXMN1 LLC | APARTMENT | $414,000 | 137 ft |
| 2909 18TH AVE S MINNEAPOLIS MN 55407 | TOU MOUA XIONG & MAI YIA LO | RESIDENTIAL | $201,100 | 137 ft |
| 2922 CEDAR AVE S MINNEAPOLIS MN 55407 | THE ISRAEL OF GOD | COMMERCIAL-PREFERRED | $0 | 140 ft |
| 2905 18TH AVE S MINNEAPOLIS MN 55407 | M E M GALAN & M PACHECO | RESIDENTIAL | $270,100 | 147 ft |
| 2917 18TH AVE S MINNEAPOLIS MN 55407 | A M G PINA & A L SORIANO | RESIDENTIAL | $196,400 | 152 ft |
| 2850 CEDAR AVE S MINNEAPOLIS MN 55407 | NATALY SANCHEZ | CONDOMINIUM | $170,300 | 159 ft |
| 2850 CEDAR AVE S MINNEAPOLIS MN 55407 | DELAINA DAHNKE | CONDOMINIUM | $161,200 | 159 ft |
| 2850 CEDAR AVE S MINNEAPOLIS MN 55407 | BEN BELKNAP | CONDOMINIUM | $154,000 | 159 ft |
Most Recent Sale
Current Tax Year