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 2006 · $174K total declared value · Most recent: Jan 2006 (building re-inspection)
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 2,814 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2928 18TH AVE S MINNEAPOLIS MN 55407 | PATRICIA FORESTAL ORTIZ | VACANT LAND-RESIDENTIAL | $12,000 | 37 ft |
| 2922 18TH AVE S MINNEAPOLIS MN 55407 | RODOLFO GABRIEL TRUJILLO | RESIDENTIAL-TWO UNIT | $309,400 | 43 ft |
| 2930 18TH AVE S MINNEAPOLIS MN 55407 | SAIFUL ISLAM & TAHIRA SAIF | RESIDENTIAL-TWO UNIT | $262,400 | 72 ft |
| 2916 18TH AVE S MINNEAPOLIS MN 55407 | NIMCO AHMED | RESIDENTIAL | $227,500 | 86 ft |
| 2934 18TH AVE S MINNEAPOLIS MN 55407 | JEREMY GRAY & BOBBI GRAY | RESIDENTIAL | $200,900 | 112 ft |
| 2925 17TH AVE S MINNEAPOLIS MN 55407 | LEX HORAN & DEVIKA GHAI | RESIDENTIAL | $257,700 | 135 ft |
| 2912 18TH AVE S MINNEAPOLIS MN 55407 | MATTHEW GLOVER & R GLOVER | RESIDENTIAL | $366,100 | 140 ft |
| 2921 17TH AVE S MINNEAPOLIS MN 55407 | VU PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $234,500 | 140 ft |
| 2929 17TH AVE S MINNEAPOLIS MN 55407 | STEVEN M SANDBERG | RESIDENTIAL | $253,000 | 142 ft |
| 2938 18TH AVE S MINNEAPOLIS MN 55407 | MICHAEL L JUDGE | RESIDENTIAL-TWO UNIT | $268,200 | 152 ft |
Most Recent Sale
Current Tax Year