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.
3 permits on record since 2023 · $27K total declared value · Most recent: Apr 2026 (misc)
PELLA NORTHLAND
CenterPoint Energy Resource Corp
PERFECT EXTERIORS OF MINNESOTA 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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,132 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3224 4TH AVE S MINNEAPOLIS MN 55408 | J MAGNER & D L MAGNER | RESIDENTIAL | $274,000 | 45 ft |
| 3232 4TH AVE S MINNEAPOLIS MN 55408 | CHARLIE O MIDGETT ETAL | RESIDENTIAL | $197,000 | 45 ft |
| 3220 4TH AVE S MINNEAPOLIS MN 55408 | C MOSER & W HAWKINSON | RESIDENTIAL-TWO UNIT | $356,400 | 90 ft |
| 3236 4TH AVE S MINNEAPOLIS MN 55408 | P L LOOKING ELK SUBJ/LE | RESIDENTIAL | $207,000 | 90 ft |
| 3216 4TH AVE S MINNEAPOLIS MN 55408 | OSWALDO E AREVALO-FARFAN | APARTMENT | $396,000 | 136 ft |
| 3242 4TH AVE S MINNEAPOLIS MN 55408 | BUILDUP ASSETS 61ST AV LLC | RESIDENTIAL | $202,000 | 136 ft |
| 3229 CLINTON AVE MINNEAPOLIS MN 55408 | LUIS BERMEJO-GUAMAN | RESIDENTIAL | $310,200 | 141 ft |
| 3225 CLINTON AVE MINNEAPOLIS MN 55408 | DAVID J HANSON | RESIDENTIAL-TWO UNIT | $364,500 | 148 ft |
| 3233 CLINTON AVE MINNEAPOLIS MN 55408 | L P TIERNEY & K A TOWNER | RESIDENTIAL | $199,500 | 148 ft |
| 3237 CLINTON AVE MINNEAPOLIS MN 55408 | JOYCELYN MOORE | RESIDENTIAL | $325,900 | 167 ft |
Most Recent Sale
Current Tax Year