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 ↗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.
7 permits on record since 2008 · $100K total declared value · Most recent: Sep 2025 (res)
Metro Heating & Cooling LLC
Ron the Sewer Rat Inc
Professional Mechanical Services LLC
Red Letter Renovation LLC
Warners Stellian Co 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 2,717 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2424 10TH AVE S MINNEAPOLIS MN 55404 | FABIAN OMAR MORALES CUEVA | RESIDENTIAL | $361,000 | 41 ft |
| 2416 10TH AVE S MINNEAPOLIS MN 55404 | CARLOS ROSALES | RESIDENTIAL-TWO UNIT | $250,300 | 41 ft |
| 2428 10TH AVE S MINNEAPOLIS MN 55404 | MAHAMAN NEKERE | RESIDENTIAL | $326,000 | 82 ft |
| 2412 10TH AVE S MINNEAPOLIS MN 55404 | LUIS EMIGDIO ROMERO NARANJO | RESIDENTIAL-TWO UNIT | $280,300 | 82 ft |
| 2432 10TH AVE S MINNEAPOLIS MN 55404 | ZEFERINO ACOSTA ET AL | RESIDENTIAL | $359,000 | 123 ft |
| 2410 10TH AVE S MINNEAPOLIS MN 55404 | JAMES BLOOM & RAQUEL BLOOM | RESIDENTIAL | $364,000 | 124 ft |
| 2417 ELLIOT AVE MINNEAPOLIS MN 55404 | LAPLACE INVESTMENTS LLC | APARTMENT | $511,000 | 141 ft |
| 2411 ELLIOT AVE MINNEAPOLIS MN 55404 | RIGOBERTO R O ORBE ETAL | RESIDENTIAL-TWO UNIT | $321,000 | 151 ft |
| 2440 10TH AVE S MINNEAPOLIS MN 55404 | MAHMOUD DAHIR ADANI | RESIDENTIAL | $353,000 | 165 ft |
| 2404 10TH AVE S MINNEAPOLIS MN 55404 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 165 ft |
Most Recent Sale
Current Tax Year