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 ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
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
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 2,598 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3136 10TH AVE S MINNEAPOLIS MN 55407 | BLACK LOON SPRUCE LLC | APARTMENT | $429,000 | 40 ft |
| 3144 10TH AVE S MINNEAPOLIS MN 55407 | S M SALFEN & K B DAVIS | RESIDENTIAL | $341,700 | 40 ft |
| 3130 10TH AVE S MINNEAPOLIS MN 55407 | M A PETERSON & K S PETERSON | RESIDENTIAL-TWO UNIT | $384,700 | 80 ft |
| 3148 10TH AVE S MINNEAPOLIS MN 55407 | WILLIAM R EMORY ET AL | RESIDENTIAL-TWO UNIT | $433,200 | 80 ft |
| 3128 10TH AVE S MINNEAPOLIS MN 55407 | M A PETERSON & K S PETERSON | RESIDENTIAL-TWO UNIT | $427,900 | 120 ft |
| 3152 10TH AVE S MINNEAPOLIS MN 55407 | CAROL HOGARD & EDWIN FELIEN | RESIDENTIAL | $409,100 | 120 ft |
| 3141 ELLIOT AVE MINNEAPOLIS MN 55407 | R P RAYFIELD & P J ARNOLD | RESIDENTIAL | $376,000 | 140 ft |
| 3137 ELLIOT AVE MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 146 ft |
| 3145 ELLIOT AVE MINNEAPOLIS MN 55407 | JAY B VISKOCIL | RESIDENTIAL-TWO UNIT | $428,900 | 147 ft |
| 3124 10TH AVE S MINNEAPOLIS MN 55407 | LEE P CLAUSEN & E M LOFGREN | RESIDENTIAL | $423,400 | 160 ft |
Most Recent Sale
Current Tax Year