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 ↗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 2001 · $275K total declared value · Most recent: Jan 2025 (existres)
Professional Mechanical Services LLC
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 2,718 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2440 10TH AVE S MINNEAPOLIS MN 55404 | MAHMOUD DAHIR ADANI | RESIDENTIAL | $353,000 | 41 ft |
| 2428 10TH AVE S MINNEAPOLIS MN 55404 | MAHAMAN NEKERE | RESIDENTIAL | $326,000 | 41 ft |
| 2442 10TH AVE S MINNEAPOLIS MN 55404 | GREGORY J BERENDT | RESIDENTIAL-TWO UNIT | $287,300 | 82 ft |
| 2424 10TH AVE S MINNEAPOLIS MN 55404 | FABIAN OMAR MORALES CUEVA | RESIDENTIAL | $361,000 | 82 ft |
| 2420 10TH AVE S MINNEAPOLIS MN 55404 | AMILCAR VAIL LOPEZ | RESIDENTIAL-TWO UNIT | $372,500 | 123 ft |
| 2444 10TH AVE S MINNEAPOLIS MN 55404 | ABDIRAHMAN MAYE | RESIDENTIAL | $373,000 | 124 ft |
| 2477 ELLIOT AVE MINNEAPOLIS MN 55404 | HIGHLANDS PROPERTIES CO | CONDOMINIUM | $138,000 | 154 ft |
| 2475 ELLIOT AVE MINNEAPOLIS MN 55404 | MOHAMED AHMED | CONDOMINIUM | $146,000 | 154 ft |
| 2473 ELLIOT AVE MINNEAPOLIS MN 55404 | RUTHANN COOPER | CONDOMINIUM | $151,000 | 154 ft |
| 2471 ELLIOT AVE MINNEAPOLIS MN 55404 | DAGAGO NEGASSA | CONDOMINIUM | $148,000 | 154 ft |
Most Recent Sale
Current Tax Year