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 ↗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 ↗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 2022 · $4K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
SOLCIUS
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 3 — medium-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 2,495 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2631 CEDAR AVE S MINNEAPOLIS MN 55407 | AHMED MOHAMED AHMED | RESIDENTIAL | $183,000 | 40 ft |
| 2623 CEDAR AVE S MINNEAPOLIS MN 55407 | S SOSA & M A S CARRILLO | RESIDENTIAL | $226,300 | 40 ft |
| 2635 CEDAR AVE S MINNEAPOLIS MN 55407 | A HERSHBERGER & K KREKELBERG | RESIDENTIAL | $201,600 | 80 ft |
| 2619 CEDAR AVE S MINNEAPOLIS MN 55407 | KENRY WANGH | RESIDENTIAL | $153,800 | 80 ft |
| 2639 CEDAR AVE S MINNEAPOLIS MN 55407 | JAMAICA GARNER | RESIDENTIAL | $148,000 | 120 ft |
| 2613 CEDAR AVE S MINNEAPOLIS MN 55407 | JINNING QI & HONG ZHENG | RESIDENTIAL-TWO UNIT | $289,300 | 120 ft |
| 2626 LONGFELLOW AVE MINNEAPOLIS MN 55407 | CUONG X PHAM | RESIDENTIAL-TWO UNIT | $205,300 | 137 ft |
| 2630 LONGFELLOW AVE MINNEAPOLIS MN 55407 | DAVID L GIL-ROSAS ET AL | RESIDENTIAL | $187,000 | 142 ft |
| 2622 LONGFELLOW AVE MINNEAPOLIS MN 55407 | IAN STEMPER & BRIANA LENZEN | RESIDENTIAL | $231,300 | 143 ft |
| 2634 LONGFELLOW AVE MINNEAPOLIS MN 55407 | SCOTT D MORRIS | RESIDENTIAL | $165,000 | 158 ft |
Most Recent Sale
Current Tax Year