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 ↗Signals are based on public datasets; program eligibility requires verification.
6 permits on record since 2019 · $1.3M total declared value · Most recent: Aug 2020 (commercial multi-family)
Perfection Heating and Air Conditioning Inc
Boevaag Plumbing Inc
GIERTSEN CO OF MINNESOTA INC
Corporate Mechanical Inc
SIECO CONSTRUCTION
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 85
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 823 LAKE ST E MINNEAPOLIS MN 55407 | SHREE RAM ENTERPRISES LLC | LAND-COMMERCIAL | $48,400 | 51 ft |
| 819 LAKE ST E MINNEAPOLIS MN 55407 | SHREE RAM ENTERPRISES LLC | LAND-COMMERCIAL | $61,100 | 75 ft |
| 3012 ELLIOT AVE MINNEAPOLIS MN 55407 | SHREE RAM ENTERPRISES LLC | LAND-COMMERCIAL | $94,100 | 88 ft |
| 3016 ELLIOT AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO REAL ESTATE LLC | LAND-COMMERCIAL | $90,500 | 131 ft |
| 811 LAKE ST E MINNEAPOLIS MN 55407 | STATE OF MINNESOTA | LAND-COMMERCIAL | $11,900 | 154 ft |
| 809 LAKE ST E MINNEAPOLIS MN 55407 | STATE OF MINNESOTA | APARTMENT | $2,986,000 | 154 ft |
| 801 LAKE ST E MINNEAPOLIS MN 55407 | STATE OF MINNESOTA | COMMERCIAL-PREFERRED | $566,000 | 154 ft |
| MN | Unknown | — | — | 154 ft |
| 3020 ELLIOT AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO REAL ESTATE LLC | VACANT LAND-RESIDENTIAL | $2,600 | 172 ft |
| 3015 CHICAGO AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO REAL ESTATE LLC | COMMERCIAL-PREFERRED | $726,000 | 178 ft |