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 ↗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 ↗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.
7 permits on record since 2019 · $111K total declared value · Most recent: Jan 2024 (commfdrr)
Centraire Heating & Air Conditioning LLC
All Climate Mechanical LLC
ATD Construction LLC
Louie's Plumbing Company
Snappy Construction Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Midtown Phillips · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1258
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 3,076 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2531 10TH AVE S MINNEAPOLIS MN 55404 | TWIN CITIES HABITAT HUMANITY | RESIDENTIAL | $183,000 | 45 ft |
| 2523 10TH AVE S MINNEAPOLIS MN 55404 | MICHAEL GERTJEJANSEN | RESIDENTIAL | $279,500 | 45 ft |
| 2535 10TH AVE S MINNEAPOLIS MN 55404 | R F GRIGSBY & J GRIGSBY | RESIDENTIAL | $365,000 | 91 ft |
| 2519 10TH AVE S MINNEAPOLIS MN 55404 | P B RUCKER& J F AUBREY | RESIDENTIAL-TWO UNIT | $320,800 | 91 ft |
| 2539 10TH AVE S MINNEAPOLIS MN 55404 | KEVIN L LORANG | RESIDENTIAL-TWO UNIT | $260,200 | 136 ft |
| 2515 10TH AVE S MINNEAPOLIS MN 55404 | BROMAN BLACKMORE FAMILY TR | RESIDENTIAL | $303,600 | 136 ft |
| 2526 11TH AVE S MINNEAPOLIS MN 55404 | R R WATKINS & P L WATKINS | RESIDENTIAL | $295,000 | 141 ft |
| 2522 11TH AVE S MINNEAPOLIS MN 55404 | WILLIAM E & BETTY A BRYANT | TRIPLEX | $550,100 | 148 ft |
| 2530 11TH AVE S MINNEAPOLIS MN 55404 | P J MELLING & J M MELLING | RESIDENTIAL | $354,000 | 148 ft |
| 2518 11TH AVE S MINNEAPOLIS MN 55404 | PAUL ABDELLA | RESIDENTIAL-TWO UNIT | $386,000 | 168 ft |
Most Recent Sale
Current Tax Year