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.
5 permits on record since 2021 · $98K total declared value · Most recent: Nov 2024 (res)
CenterPoint Energy Resource Corp
Foremost Exteriors
Foremost Exteriors
Foremost Exteriors
Foremost Exteriors
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3,012 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3304 3RD AVE S MINNEAPOLIS MN 55408 | CARLOS CUESTRA PILLAGA | RESIDENTIAL | $256,700 | 46 ft |
| 3308 3RD AVE S MINNEAPOLIS MN 55408 | EMMA TORZS | RESIDENTIAL | $333,600 | 91 ft |
| 3248 3RD AVE S MINNEAPOLIS MN 55408 | JENNA M WOLLITZ | RESIDENTIAL | $281,100 | 107 ft |
| 3312 3RD AVE S MINNEAPOLIS MN 55408 | ERIC ANDERSEN | RESIDENTIAL | $319,000 | 136 ft |
| 203 33RD ST E MINNEAPOLIS MN 55408 | SN3 LLC | APARTMENT | $292,000 | 140 ft |
| 3305 2ND AVE S MINNEAPOLIS MN 55408 | M J BURR & R J KIRBY | RESIDENTIAL | $294,000 | 147 ft |
| 3244 3RD AVE S MINNEAPOLIS MN 55408 | MARY WILLING | VACANT LAND-RESIDENTIAL | $48,000 | 152 ft |
| 3309 2ND AVE S MINNEAPOLIS MN 55408 | TOLLIE J FLIPPIN JR | RESIDENTIAL-TWO UNIT | $330,900 | 167 ft |
| 3316 3RD AVE S MINNEAPOLIS MN 55408 | 3316 3RD AVE S LLC | RESIDENTIAL-TWO UNIT | $357,200 | 181 ft |
| 3249 2ND AVE S MINNEAPOLIS MN 55408 | RRE VENTURES LLC | RESIDENTIAL | $170,500 | 183 ft |
Most Recent Sale
Current Tax Year