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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 2025 · $7K total declared value · Most recent: Nov 2025 (remodel)
Holmlund Masonry Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Como · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02
Zip code 55413
Source: Redfin Data Center (Invalid Date) · Zip 55413
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 9,314 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 327 GARFIELD ST N E MINNEAPOLIS MN 55413 | CAROL M FERGUSON TRUSTEE | RESIDENTIAL | $339,100 | 80 ft |
| 333 GARFIELD ST N E MINNEAPOLIS MN 55413 | R A NELSON & C D JOHNSON | RESIDENTIAL | $276,500 | 120 ft |
| 1141 14TH AVE S E MINNEAPOLIS MN 55414 | FATIMA MARTINS | RESIDENTIAL | $251,900 | 139 ft |
| 1305 HENNEPIN AVE E MINNEAPOLIS MN 55414 | OCELOT LLC | RESIDENTIAL | $192,600 | 143 ft |
| 1145 14TH AVE S E MINNEAPOLIS MN 55414 | NHH PROPERTIES III L L C | RESIDENTIAL | $274,500 | 144 ft |
| 1137 14TH AVE S E MINNEAPOLIS MN 55414 | J B WHITE JR/W M FOSSUM | RESIDENTIAL | $306,000 | 145 ft |
| 1303 HENNEPIN AVE E MINNEAPOLIS MN 55414 | DRAGONFLY LLC | RESIDENTIAL-TWO UNIT | $297,400 | 148 ft |
| 1309 HENNEPIN AVE E MINNEAPOLIS MN 55414 | SPECIALIZED PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $305,800 | 150 ft |
| 1149 14TH AVE S E MINNEAPOLIS MN 55414 | 1149 14TH AVENUE LLC | RESIDENTIAL | $231,700 | 160 ft |
| 337 GARFIELD ST N E MINNEAPOLIS MN 55413 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 160 ft |
Most Recent Sale
Current Tax Year