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.
2 permits on record since 2019 · Most recent: May 2024 (res)
Barr Web Industries Inc
Standard Heating and Air Conditioning 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
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 2,778 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2821 18TH AVE S MINNEAPOLIS MN 55407 | B G HANUMAN & S V HANUMAN | RESIDENTIAL | $219,000 | 43 ft |
| 2827 18TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $188,200 | 46 ft |
| 2815 18TH AVE S MINNEAPOLIS MN 55407 | MELISSA A MARJAMAA | RESIDENTIAL | $215,500 | 87 ft |
| 2831 18TH AVE S MINNEAPOLIS MN 55407 | M L C CHISAG/J C C LASLUISA | RESIDENTIAL | $363,000 | 95 ft |
| 2826 CEDAR AVE S MINNEAPOLIS MN 55407 | AHLU SUNNAH WAL JAMA AH CTR | COMMERCIAL-PREFERRED | $0 | 136 ft |
| 2809 18TH AVE S MINNEAPOLIS MN 55407 | A K & L N YEBOAH | RESIDENTIAL-TWO UNIT | $298,000 | 145 ft |
| 2818 CEDAR AVE S MINNEAPOLIS MN 55407 | BEATRICE M GUSTAFSON ET AL | RESIDENTIAL | $165,500 | 148 ft |
| 2837 18TH AVE S MINNEAPOLIS MN 55407 | BUILDCRAFT LLC | COMMERCIAL-PREFERRED | $479,000 | 161 ft |
| 2814 CEDAR AVE S MINNEAPOLIS MN 55407 | BEATRICE M GUSTAFSON | VACANT LAND-APARTMENT | $56,600 | 164 ft |
| 2830 CEDAR AVE S MINNEAPOLIS MN 55407 | ALATYR PROPERTIES LLC | COMMERCIAL-PREFERRED | $0 | 180 ft |
Most Recent Sale
Current Tax Year