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 2,563 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3315 ELLIOT AVE MINNEAPOLIS MN 55407 | LEWIS DEES & JENNIFER TILSEN | RESIDENTIAL-TWO UNIT | $293,000 | 40 ft |
| 3305 ELLIOT AVE MINNEAPOLIS MN 55407 | DALE LIVING TRUST | RESIDENTIAL-TWO UNIT | $247,800 | 40 ft |
| 3301 ELLIOT AVE MINNEAPOLIS MN 55407 | TIMOTHY M SMALLMAN | RESIDENTIAL-TWO UNIT | $229,900 | 77 ft |
| 3317 ELLIOT AVE MINNEAPOLIS MN 55407 | WAYNE V SWANSON | RESIDENTIAL-TWO UNIT | $243,500 | 80 ft |
| 3321 ELLIOT AVE MINNEAPOLIS MN 55407 | SHELLEY K MATTSON | RESIDENTIAL-TWO UNIT | $248,900 | 119 ft |
| 3306 10TH AVE S MINNEAPOLIS MN 55407 | DOUGLAS SWEET | APARTMENT | $378,000 | 140 ft |
| 3304 10TH AVE S MINNEAPOLIS MN 55407 | MARTA L KNUTSON | RESIDENTIAL | $312,500 | 145 ft |
| 3312 10TH AVE S MINNEAPOLIS MN 55407 | RYAN E ALLEN & DARA J RUDICK | RESIDENTIAL | $480,000 | 146 ft |
| 3300 10TH AVE S MINNEAPOLIS MN 55407 | MADISON AVE HOMES LLC | RESIDENTIAL-TWO UNIT | $271,800 | 159 ft |
| 3323 ELLIOT AVE MINNEAPOLIS MN 55407 | BIG FISH HOLDINGS LLC | LOW INCOME RENTAL | $272,000 | 159 ft |
Most Recent Sale
Current Tax Year