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.
42 permits on record since 2000 · $27.0M total declared value · Most recent: Mar 2026 (commfdnr)
United States Mechanical Inc
United States Mechanical Inc
FRERICHS CONSTRUCTION CO
MN Plumbing & Home Services INC
Centraire Heating & Air Conditioning LLC
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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Urban Neighborhood 3 — medium-density 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 330,572 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2525 CEDAR AVE S MINNEAPOLIS MN 55404 | FORTUNE VANG | RESIDENTIAL | $190,100 | 467 ft |
| 1839 E M STATELY ST MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $409,000 | 469 ft |
| 1843 E M STATELY ST MINNEAPOLIS MN 55404 | CITY LAKES COMM LAND TRUST | — | $464,000 | 470 ft |
| 1833 E M STATELY ST MINNEAPOLIS MN 55404 | AMAL MAHMOUD EMARA | RESIDENTIAL | $230,000 | 472 ft |
| 1847 E M STATELY ST MINNEAPOLIS MN 55404 | ELAINE G PEARSON | LOW INCOME RENTAL | $213,900 | 474 ft |
| 1829 E M STATELY ST MINNEAPOLIS MN 55404 | MANUEL JARA & LUZ JARA | LOW INCOME RENTAL | $456,000 | 479 ft |
| 1851 E M STATELY ST MINNEAPOLIS MN 55404 | C JOHNSON & R CORSO | RESIDENTIAL-TWO UNIT | $249,200 | 481 ft |
| 1855 E M STATELY ST MINNEAPOLIS MN 55404 | MARIA JARA | RESIDENTIAL-TWO UNIT | $465,500 | 491 ft |
| 1859 E M STATELY ST MINNEAPOLIS MN 55404 | DELFINA ROJAS AYONA | RESIDENTIAL | $190,000 | 505 ft |
| 2531 CEDAR AVE S MINNEAPOLIS MN 55404 | MANUEL JESUS PAREDES CANAR | RESIDENTIAL-TWO UNIT | $220,800 | 506 ft |
Most Recent Sale
Current Tax Year