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 ↗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 ↗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 ↗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 ↗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 ↗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.
No permits found in Minneapolis open data for this parcel.
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 3,271 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2411 ELLIOT AVE MINNEAPOLIS MN 55404 | RIGOBERTO R O ORBE ETAL | RESIDENTIAL-TWO UNIT | $321,000 | 47 ft |
| 2407 ELLIOT AVE MINNEAPOLIS MN 55404 | LEILENA S BAYOU ET AL | RESIDENTIAL-TWO UNIT | $263,200 | 95 ft |
| 2420 10TH AVE S MINNEAPOLIS MN 55404 | AMILCAR VAIL LOPEZ | RESIDENTIAL-TWO UNIT | $372,500 | 141 ft |
| 2405 ELLIOT AVE MINNEAPOLIS MN 55404 | THUPTEN GYATSO | RESIDENTIAL-TWO UNIT | $300,200 | 143 ft |
| 2416 10TH AVE S MINNEAPOLIS MN 55404 | CARLOS ROSALES | RESIDENTIAL-TWO UNIT | $250,300 | 145 ft |
| 2424 10TH AVE S MINNEAPOLIS MN 55404 | FABIAN OMAR MORALES CUEVA | RESIDENTIAL | $361,000 | 148 ft |
| 2412 10TH AVE S MINNEAPOLIS MN 55404 | LUIS EMIGDIO ROMERO NARANJO | RESIDENTIAL-TWO UNIT | $280,300 | 160 ft |
| 2428 10TH AVE S MINNEAPOLIS MN 55404 | MAHAMAN NEKERE | RESIDENTIAL | $326,000 | 166 ft |
| 2410 10TH AVE S MINNEAPOLIS MN 55404 | JAMES BLOOM & RAQUEL BLOOM | RESIDENTIAL | $364,000 | 183 ft |
| 2418 ELLIOT AVE MINNEAPOLIS MN 55404 | TRILLIUM GRAND OWNER LLC | VACANT LAND-RESIDENTIAL | $25,000 | 191 ft |
Most Recent Sale
Current Tax Year