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.
1 permit on record since 2000 · $240K total declared value · Most recent: Sep 2000 (binb)
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 |
|---|---|---|---|---|
| 2641 LONGFELLOW AVE MINNEAPOLIS MN 55407 | H TUBBS & J TUBBS | RESIDENTIAL | $163,400 | 40 ft |
| 2649 LONGFELLOW AVE MINNEAPOLIS MN 55407 | S SANTIAGO & L BERGERON | RESIDENTIAL | $244,500 | 40 ft |
| 2637 LONGFELLOW AVE MINNEAPOLIS MN 55407 | HAMIDA AMARREH | RESIDENTIAL | $261,300 | 80 ft |
| 2651 LONGFELLOW AVE MINNEAPOLIS MN 55407 | TODD I KOLSTAD | RESIDENTIAL | $150,000 | 80 ft |
| 2631 LONGFELLOW AVE MINNEAPOLIS MN 55407 | A R CARRILLO & P M SANDOVAL | RESIDENTIAL | $202,000 | 120 ft |
| 2655 LONGFELLOW AVE MINNEAPOLIS MN 55407 | K PRICE & A NODARI | RESIDENTIAL | $320,300 | 120 ft |
| 2627 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ROMEY L ROMEDY | RESIDENTIAL | $174,000 | 161 ft |
| 2642 LONGFELLOW AVE MINNEAPOLIS MN 55407 | WILLIAM R HARRISON III | RESIDENTIAL | $194,000 | 185 ft |
| 2638 LONGFELLOW AVE MINNEAPOLIS MN 55407 | SAI ZHEN YANG | RESIDENTIAL | $185,000 | 189 ft |
| 2646 LONGFELLOW AVE MINNEAPOLIS MN 55407 | HAROLD LEVI BROWN | RESIDENTIAL | $126,000 | 189 ft |
Most Recent Sale
Current Tax Year