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.
2 permits on record since 2017 · $1K total declared value · Most recent: Dec 2022 (existres)
Marsh Heating & Air Conditioning Co Inc
DESIGNCRAFT CONSTRUCTION INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Jordan · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1257
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 2,802 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2727 OLIVER AVE N MINNEAPOLIS MN 55411 | CHARISMA SMITH | RESIDENTIAL | $256,300 | 42 ft |
| 2719 OLIVER AVE N MINNEAPOLIS MN 55411 | CITY/LAKES COMMUNITY LAND TR | — | $370,000 | 43 ft |
| 2801 OLIVER AVE N MINNEAPOLIS MN 55411 | PAUL G BUSHEY | RESIDENTIAL | $136,000 | 85 ft |
| 2715 OLIVER AVE N MINNEAPOLIS MN 55411 | KRISTEN ANN VAN CAMP | RESIDENTIAL-TWO UNIT | $365,900 | 85 ft |
| 2805 OLIVER AVE N MINNEAPOLIS MN 55411 | STEVEN MELDAHL | RESIDENTIAL | $148,500 | 128 ft |
| 2711 OLIVER AVE N MINNEAPOLIS MN 55411 | THOMAS DAVID REGNIER JR | RESIDENTIAL-TWO UNIT | $248,800 | 128 ft |
| 2720 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 138 ft |
| 2718 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 144 ft |
| 2724 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 145 ft |
| 2712 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 161 ft |
Most Recent Sale
Current Tax Year