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.
4 permits on record since 2019 · $10K total declared value · Most recent: Jul 2025 (addition)
ROMULO A QUITO
CenterPoint Energy Resource Corp
Barr Web Industries Inc
ROMULO A QUITO
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 |
|---|---|---|---|---|
| 2615 LONGFELLOW AVE MINNEAPOLIS MN 55407 | DAVID PETERMAN | RESIDENTIAL | $193,000 | 40 ft |
| 2623 LONGFELLOW AVE MINNEAPOLIS MN 55407 | N D T PAREJA & K TREJO | RESIDENTIAL | $212,000 | 40 ft |
| 2611 LONGFELLOW AVE MINNEAPOLIS MN 55407 | E F L CANAR/R E LEMA ET AL | RESIDENTIAL | $217,400 | 80 ft |
| 2627 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ROMEY L ROMEDY | RESIDENTIAL | $174,000 | 80 ft |
| 2607 LONGFELLOW AVE MINNEAPOLIS MN 55407 | H M MOHAMUD/S A MOHAMED | RESIDENTIAL | $353,000 | 120 ft |
| 2631 LONGFELLOW AVE MINNEAPOLIS MN 55407 | A R CARRILLO & P M SANDOVAL | RESIDENTIAL | $202,000 | 120 ft |
| 2637 LONGFELLOW AVE MINNEAPOLIS MN 55407 | HAMIDA AMARREH | RESIDENTIAL | $261,300 | 160 ft |
| 2601 LONGFELLOW AVE MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 172 ft |
| 2618 LONGFELLOW AVE MINNEAPOLIS MN 55407 | KEBEDE PROPERTIES LLC | RESIDENTIAL | $330,000 | 185 ft |
| 2614 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ISOM ENGLISH/JANETTE ENGLISH | RESIDENTIAL | $209,000 | 189 ft |
Most Recent Sale
Current Tax Year