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.
2 permits on record since 2024 · $2K total declared value · Most recent: Apr 2025 (misc)
Manuel Creon Lema
Northern's Benjamin Franklin Plumbing
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 2,646 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2607 LONGFELLOW AVE MINNEAPOLIS MN 55407 | H M MOHAMUD/S A MOHAMED | RESIDENTIAL | $353,000 | 40 ft |
| 2615 LONGFELLOW AVE MINNEAPOLIS MN 55407 | DAVID PETERMAN | RESIDENTIAL | $193,000 | 40 ft |
| 2619 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ROMULO A QUITO | RESIDENTIAL-TWO UNIT | $216,400 | 80 ft |
| 2601 LONGFELLOW AVE MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 92 ft |
| 2623 LONGFELLOW AVE MINNEAPOLIS MN 55407 | N D T PAREJA & K TREJO | RESIDENTIAL | $212,000 | 120 ft |
| 2627 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ROMEY L ROMEDY | RESIDENTIAL | $174,000 | 160 ft |
| 2610 LONGFELLOW AVE MINNEAPOLIS MN 55407 | SHIRLEY A MCCOY | RESIDENTIAL | $184,000 | 185 ft |
| 2606 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ROBERT WALTER PHELPS JR | RESIDENTIAL | $183,000 | 189 ft |
| 2614 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ISOM ENGLISH/JANETTE ENGLISH | RESIDENTIAL | $209,000 | 189 ft |
| 2631 LONGFELLOW AVE MINNEAPOLIS MN 55407 | A R CARRILLO & P M SANDOVAL | RESIDENTIAL | $202,000 | 200 ft |
Most Recent Sale
Current Tax Year