609 10TH ST S MINNEAPOLIS MN 55404

PID: 2602924230008

Property Overview

Parcel ID2602924230008

Lot Size10,240 sq ft (0.235 ac)

Lot Dimensions (est.)142 ft wide × 72 ft deep

Year Built1910

Property ClassCOMMERCIAL-PREFERRED

Owner609 S 10TH LLC

Assessed Value$927,000

Land Value$345,900

Building Value$581,100

Annual Tax$30,227

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

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 ↗

Potential programs

Met Council Livable Communities GrantMedium

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Elliot Park · Minneapolis

Median reported rent965/mo

Renter-occupied70.9%

Median home value$419K

Vacancy rate9.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1054

Market Snapshot

Zip code 55404

Median sale price$306K+16.4% YoY

Median price / sqft$167/sqft

Median days to close92 days

Active listings57

Source: Redfin Data Center (Invalid Date) · Zip 55404

Zoning

RM3Residence and Institutional

Residential Mixed-Use 3 — higher-density mixed residential

Typical Uses

·High-density apartments
·Mixed-use buildings
·Ground-floor retail

Max Height95 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width39 ft

Buildable depth169 ft

Area~1,610 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 1,610 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
615 10TH ST S MINNEAPOLIS MN 55404	RS EDEN CAMPUS LLC	LAND-COMMERCIAL	$443,500	60 ft
1005 PORTLAND AVE MINNEAPOLIS MN 55404	AEON PRESERVATION LP	LOW INCOME RENTAL	$3,180,600	81 ft
1025 PORTLAND AVE MINNEAPOLIS MN 55404	RS EDEN CAMPUS LLC	LAND-COMMERCIAL	$596,000	141 ft
619 10TH ST S MINNEAPOLIS MN 55404	HINKLE MANSION LLC	COMMERCIAL-PREFERRED	$796,400	143 ft
614 GRANT ST E MINNEAPOLIS MN 55404	RS EDEN	COMMERCIAL-PREFERRED	$0	193 ft
1000 PARK AVE MINNEAPOLIS MN 55404	RS EDEN CAMPUS LLC	LAND-COMMERCIAL	$357,300	233 ft
929 PORTLAND AVE MINNEAPOLIS MN 55404	COVER POINT LLC	COMMERCIAL-PREFERRED	$2,232,000	236 ft
929 PORTLAND AVE MINNEAPOLIS MN 55404	COVER POINT LLC	COMMERCIAL-PREFERRED	$15,000	281 ft
929 PORTLAND AVE MINNEAPOLIS MN 55404	COVER POINT LLC	COMMERCIAL-PREFERRED	$15,000	281 ft
929 PORTLAND AVE MINNEAPOLIS MN 55404	COVER POINT LLC	COMMERCIAL-PREFERRED	$15,000	282 ft

Property History

Most Recent Sale

Date202305

Price$1,350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$30,227