Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
5 permits on record since 2003 · $6.5M total declared value · Most recent: Mar 2025 (commercial minor)
Cities 1 Plumbing and Heating Inc
Cities 1 Plumbing and Heating Inc
RENOVATION SYSTEMS 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 20,650 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2912 16TH AVE S MINNEAPOLIS MN 55407 | CITY/LAKES COMMUNITY LAND TR | — | $415,000 | 135 ft |
| 2916 16TH AVE S MINNEAPOLIS MN 55407 | ABEL MARTINEZ | RESIDENTIAL-TWO UNIT | $248,300 | 140 ft |
| 2908 16TH AVE S MINNEAPOLIS MN 55407 | MOHAMUD MOHAMUD | APARTMENT | $552,500 | 144 ft |
| 2929 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | RED LK BAND CHIPPEWA INDIANS | COMMERCIAL-PREFERRED | $653,000 | 152 ft |
| 2920 16TH AVE S MINNEAPOLIS MN 55407 | JOVITA ACEVEDO CRUZ | RESIDENTIAL | $212,900 | 154 ft |
| 2900 16TH AVE S MINNEAPOLIS MN 55407 | TRUY LE | APARTMENT | $521,000 | 171 ft |
| 2924 16TH AVE S MINNEAPOLIS MN 55407 | MANUEL C GUAMBANA ET AL | RESIDENTIAL | $305,000 | 175 ft |
| 2853 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 193 ft |
| 2931 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | RED LAKE BAND/CHIPPEWA INDS | LAND-COMMERCIAL | $0 | 193 ft |
| 2926 16TH AVE S MINNEAPOLIS MN 55407 | MARCO V & NUBE M ROMERO | RESIDENTIAL | $370,000 | 199 ft |
Most Recent Sale
Current Tax Year