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.
6 permits on record since 2016 · $13K total declared value · Most recent: May 2025 (res)
CenterPoint Energy Resource Corp
PINNACLE RENOVATIONS LLC
Admiral Radon & Mechanical Services LLC
Perfection Heating and Air Conditioning Inc
Perfection Heating and Air Conditioning Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1013
Zip code 55411
Source: Redfin Data Center (Invalid Date) · Zip 55411
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 2,603 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2618 QUEEN AVE N MINNEAPOLIS MN 55411 | J TODHUNTER & D TORREY | RESIDENTIAL | $271,100 | 40 ft |
| 2626 QUEEN AVE N MINNEAPOLIS MN 55411 | ELISHA L SUDDUTH | RESIDENTIAL | $353,500 | 40 ft |
| 2614 QUEEN AVE N MINNEAPOLIS MN 55411 | KIERSTEN LATOWSKI | RESIDENTIAL | $242,500 | 80 ft |
| 2630 QUEEN AVE N MINNEAPOLIS MN 55411 | ANTONIO H B BUSTAMANTE ET AL | RESIDENTIAL | $231,900 | 80 ft |
| 2634 QUEEN AVE N MINNEAPOLIS MN 55411 | J C & A L SNODDY | RESIDENTIAL | $240,900 | 120 ft |
| 2623 PENN AVE N MINNEAPOLIS MN 55411 | NAIN I PENA ROMERO | RESIDENTIAL | $174,000 | 140 ft |
| 2627 PENN AVE N MINNEAPOLIS MN 55411 | M A SANCHEZ & V A C HUERTA | RESIDENTIAL | $99,000 | 146 ft |
| 2619 PENN AVE N MINNEAPOLIS MN 55411 | EVEREST HOLDINGS LLC | LOW INCOME RENTAL | $202,600 | 146 ft |
| 2216 26TH AVE N MINNEAPOLIS MN 55411 | DANLEN PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $226,700 | 160 ft |
| 2638 QUEEN AVE N MINNEAPOLIS MN 55411 | E GUNDERSON & J BROCKEL | RESIDENTIAL | $207,900 | 160 ft |
Most Recent Sale
Current Tax Year