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.
9 permits on record since 2018 · $33K total declared value · Most recent: Jan 2025 (res)
CenterPoint Energy Resource Corp
BONFES PLUMBING HEATING AND AIR SERVICE INC
BONFES PLUMBING HEATING AND AIR SERVICE INC
eRoof LLC
BONFES PLUMBING HEATING AND AIR SERVICE INC
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 small multifamily (2–4 units, wood frame) benchmarks for 3,090 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3308 3RD AVE S MINNEAPOLIS MN 55408 | EMMA TORZS | RESIDENTIAL | $333,600 | 45 ft |
| 3316 3RD AVE S MINNEAPOLIS MN 55408 | 3316 3RD AVE S LLC | RESIDENTIAL-TWO UNIT | $357,200 | 45 ft |
| 3304 3RD AVE S MINNEAPOLIS MN 55408 | CARLOS CUESTRA PILLAGA | RESIDENTIAL | $256,700 | 90 ft |
| 3320 3RD AVE S MINNEAPOLIS MN 55408 | EMILY MCBRIDE/AARON BICKNER | RESIDENTIAL | $220,800 | 90 ft |
| 3324 3RD AVE S MINNEAPOLIS MN 55408 | L E G AVILA & L GONZALEZ | RESIDENTIAL | $270,700 | 135 ft |
| 3300 3RD AVE S MINNEAPOLIS MN 55408 | D M SCHAEFER & Z L SCHAEFER | RESIDENTIAL-TWO UNIT | $298,300 | 136 ft |
| 3315 2ND AVE S MINNEAPOLIS MN 55408 | RUBY S HEMPHILL-BONNER | RESIDENTIAL-TWO UNIT | $382,700 | 140 ft |
| 3317 2ND AVE S MINNEAPOLIS MN 55408 | C R J RIERA & T D I MERCHAN | TRIPLEX | $321,800 | 147 ft |
| 3309 2ND AVE S MINNEAPOLIS MN 55408 | TOLLIE J FLIPPIN JR | RESIDENTIAL-TWO UNIT | $330,900 | 147 ft |
| 3321 2ND AVE S MINNEAPOLIS MN 55408 | XAVIER'S LLC | APARTMENT | $368,000 | 166 ft |
Most Recent Sale
Current Tax Year