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.
1 permit on record since 2009 · $132K total declared value · Most recent: Dec 2009 (building re-inspection)
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
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 |
|---|---|---|---|---|
| 3401 CHICAGO AVE MINNEAPOLIS MN 55407 | 3401 CHICAGO LLC | COMMERCIAL-PREFERRED | $437,000 | 70 ft |
| 3417 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $389,900 | 72 ft |
| 3421 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $411,600 | 126 ft |
| 3410 ELLIOT AVE MINNEAPOLIS MN 55407 | AMY MILLER & DARIN CARR | RESIDENTIAL | $333,800 | 136 ft |
| 3406 ELLIOT AVE MINNEAPOLIS MN 55407 | NAOMI N FENNELL/RAHAMY MAGID | RESIDENTIAL | $277,800 | 137 ft |
| 3414 ELLIOT AVE MINNEAPOLIS MN 55407 | VALENTINA MEJIA ET AL | RESIDENTIAL-TWO UNIT | $307,700 | 147 ft |
| 3400 ELLIOT AVE MINNEAPOLIS MN 55407 | JT'S ADVENTURE LLC | APARTMENT | $460,000 | 151 ft |
| 3418 ELLIOT AVE MINNEAPOLIS MN 55407 | SAMI GHANDOUR & IVY GHANDOUR | RESIDENTIAL | $254,500 | 167 ft |
| 3427 CHICAGO AVE MINNEAPOLIS MN 55407 | SEGUNDO A LLAPA | RESIDENTIAL | $281,000 | 177 ft |
| 3422 ELLIOT AVE MINNEAPOLIS MN 55407 | PAULA W MEDLOCK | RESIDENTIAL | $304,200 | 194 ft |