Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 2025 · Most recent: Feb 2026 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3-story wood frame (5–12 units) benchmarks for 3,947 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2607 CEDAR AVE S MINNEAPOLIS MN 55407 | FATUMA JUSUEF ROBA | RESIDENTIAL | $170,300 | 51 ft |
| 2611 CEDAR AVE S MINNEAPOLIS MN 55407 | QUINCY GOTTWIG | RESIDENTIAL-TWO UNIT | $334,700 | 92 ft |
| 2613 CEDAR AVE S MINNEAPOLIS MN 55407 | JINNING QI & HONG ZHENG | RESIDENTIAL-TWO UNIT | $289,300 | 132 ft |
| 2600 LONGFELLOW AVE MINNEAPOLIS MN 55407 | JOSE L GONZALES | RESIDENTIAL | $224,800 | 137 ft |
| 2606 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ROBERT WALTER PHELPS JR | RESIDENTIAL | $183,000 | 146 ft |
| 2545 CEDAR AVE S MINNEAPOLIS MN 55404 | NOLAN L DICKSON | RESIDENTIAL-TWO UNIT | $384,800 | 154 ft |
| 2610 LONGFELLOW AVE MINNEAPOLIS MN 55407 | SHIRLEY A MCCOY | RESIDENTIAL | $184,000 | 164 ft |
| 2619 CEDAR AVE S MINNEAPOLIS MN 55407 | KENRY WANGH | RESIDENTIAL | $153,800 | 172 ft |
| 2614 LONGFELLOW AVE MINNEAPOLIS MN 55407 | ISOM ENGLISH/JANETTE ENGLISH | RESIDENTIAL | $209,000 | 189 ft |
| 1832 26TH ST E MINNEAPOLIS MN 55404 | FAIRFIELD INVESTMENTS INC | RESIDENTIAL-TWO UNIT | $256,700 | 195 ft |
Most Recent Sale
Current Tax Year