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 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.
3 permits on record since 2021 · Most recent: May 2022 (res)
CenterPoint Energy Resource Corp
SODERLIN PLUMBING HEATING AND AIR
TEAM MECHANICAL 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 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 6,051 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2537 CEDAR AVE S MINNEAPOLIS MN 55404 | V A NIOLA-JARA ET AL | RESIDENTIAL | $192,900 | 63 ft |
| 1832 26TH ST E MINNEAPOLIS MN 55404 | FAIRFIELD INVESTMENTS INC | RESIDENTIAL-TWO UNIT | $256,700 | 85 ft |
| 2533 CEDAR AVE S MINNEAPOLIS MN 55404 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL | $177,000 | 118 ft |
| 1838 26TH ST E MINNEAPOLIS MN 55404 | L M FARJARDO & D M FARJARDO | RESIDENTIAL-TWO UNIT | $204,800 | 125 ft |
| 2601 CEDAR AVE S MINNEAPOLIS MN 55407 | EMPIRE ESTATES LLC | APARTMENT | $371,000 | 154 ft |
| 2531 CEDAR AVE S MINNEAPOLIS MN 55404 | MANUEL JESUS PAREDES CANAR | RESIDENTIAL-TWO UNIT | $220,800 | 160 ft |
| 1840 26TH ST E MINNEAPOLIS MN 55404 | BARBARA M MARSTON | RESIDENTIAL-TWO UNIT | $203,100 | 165 ft |
| 1829 E M STATELY ST MINNEAPOLIS MN 55404 | MANUEL JARA & LUZ JARA | LOW INCOME RENTAL | $456,000 | 188 ft |
| 2600 LONGFELLOW AVE MINNEAPOLIS MN 55407 | JOSE L GONZALES | RESIDENTIAL | $224,800 | 203 ft |
| 2525 CEDAR AVE S MINNEAPOLIS MN 55404 | FORTUNE VANG | RESIDENTIAL | $190,100 | 203 ft |
Most Recent Sale
Current Tax Year