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.
3 permits on record since 2021 · $30K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
LIBERTY PLUMBING CO LLC
Urban Services 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 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 2,607 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1866 26TH ST E MINNEAPOLIS MN 55404 | ELIZABETH SCHULZE HILLIARD | RESIDENTIAL | $282,000 | 40 ft |
| 1900 26TH ST E MINNEAPOLIS MN 55404 | CANDELARIA GAMA | RESIDENTIAL | $239,500 | 40 ft |
| 1862 26TH ST E MINNEAPOLIS MN 55404 | AMANDA L GENARO | RESIDENTIAL | $184,300 | 80 ft |
| 1904 26TH ST E MINNEAPOLIS MN 55404 | COREY MCCRACKEN | RESIDENTIAL | $226,700 | 80 ft |
| 1908 26TH ST E MINNEAPOLIS MN 55404 | JAKRIS LTD | RESIDENTIAL-TWO UNIT | $182,500 | 115 ft |
| 1858 26TH ST E MINNEAPOLIS MN 55404 | DAVID E OMDAL/MEGAN B OMDAL | RESIDENTIAL | $337,000 | 120 ft |
| 1901 E M STATELY ST MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $296,400 | 140 ft |
| 1863 E M STATELY ST MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 140 ft |
| 1905 E M STATELY ST MINNEAPOLIS MN 55404 | CITY OF LAKES COMM LAND TRST | — | $385,000 | 151 ft |
| 1859 E M STATELY ST MINNEAPOLIS MN 55404 | DELFINA ROJAS AYONA | RESIDENTIAL | $190,000 | 151 ft |
Most Recent Sale
Current Tax Year