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.
4 permits on record since 2020 · $5K total declared value · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
MN Plumbing & Home Services INC
Salvador Naula Guaman
Salvador Naula Guaman
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Central · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 83
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 sfr / adu benchmarks for 608 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3204 3RD AVE S MINNEAPOLIS MN 55408 | 3RD & LONG LLC | RESIDENTIAL | $240,600 | 61 ft |
| 3200 3RD AVE S MINNEAPOLIS MN 55408 | ISAIAS SALAZAR ARENAS | RESIDENTIAL | $240,000 | 65 ft |
| 3208 3RD AVE S MINNEAPOLIS MN 55408 | KATHLEEN E SCHADEN ET AL | RESIDENTIAL-TWO UNIT | $225,500 | 86 ft |
| 3201 2ND AVE S MINNEAPOLIS MN 55408 | KHADRA ABDULLAHI ALI | RESIDENTIAL | $336,000 | 96 ft |
| 3209 2ND AVE S MINNEAPOLIS MN 55408 | MCGINTCO LLC | RESIDENTIAL-TWO UNIT | $304,800 | 114 ft |
| 3212 3RD AVE S MINNEAPOLIS MN 55408 | BISMUTH BRIDGE PROPCO LLC | RESIDENTIAL | $209,000 | 128 ft |
| 3148 3RD AVE S MINNEAPOLIS MN 55408 | ANDREW DAVID HJERMSTAD ET AL | RESIDENTIAL | $161,000 | 140 ft |
| 3213 2ND AVE S MINNEAPOLIS MN 55408 | JOSE Y HERNANDEZ MARTINEZ | RESIDENTIAL | $243,000 | 154 ft |
| 3145 2ND AVE S MINNEAPOLIS MN 55408 | MADELINE DOUGLASS | RESIDENTIAL | $276,000 | 164 ft |
| 3216 3RD AVE S MINNEAPOLIS MN 55408 | ABDIFITAH HASSAN | RESIDENTIAL | $496,000 | 172 ft |
Most Recent Sale
Current Tax Year