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 2024 · Most recent: Oct 2024 (res)
CenterPoint Energy Resource Corp
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 5,113 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3243 3RD AVE S MINNEAPOLIS MN 55408 | TRUNG PHAM | RESIDENTIAL-TWO UNIT | $329,800 | 57 ft |
| 3229 3RD AVE S MINNEAPOLIS MN 55408 | MICHELE P SABO BERNARD | RESIDENTIAL | $205,000 | 68 ft |
| 3245 3RD AVE S MINNEAPOLIS MN 55408 | ANTHONY DEWAYNE PLEDGER | APARTMENT | $415,000 | 102 ft |
| 3225 3RD AVE S MINNEAPOLIS MN 55408 | DYLAN L ALVERSON | RESIDENTIAL | $198,000 | 124 ft |
| 3236 CLINTON AVE MINNEAPOLIS MN 55408 | VERONICA MENDEZ | RESIDENTIAL | $339,000 | 141 ft |
| 3232 CLINTON AVE MINNEAPOLIS MN 55408 | DAVID ALCUIN TAUER | RESIDENTIAL-TWO UNIT | $303,000 | 144 ft |
| 3249 3RD AVE S MINNEAPOLIS MN 55408 | PATRICIA M CASAGRANDE | APARTMENT | $521,000 | 147 ft |
| 3240 CLINTON AVE MINNEAPOLIS MN 55408 | TOLLIE J FLIPPIN JR | RESIDENTIAL-TWO UNIT | $303,700 | 151 ft |
| 3228 CLINTON AVE MINNEAPOLIS MN 55408 | JUANDA SALLET | RESIDENTIAL | $292,000 | 161 ft |
| 3221 3RD AVE S MINNEAPOLIS MN 55408 | J A ANDERSON/K G GILBERTOSON | RESIDENTIAL | $471,000 | 170 ft |
Most Recent Sale
Current Tax Year