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: Feb 2024 (res)
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Willard - Hay · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 27
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 3,552 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1605 RUSSELL AVE N MINNEAPOLIS MN 55411 | BETTINA J STUECHER | RESIDENTIAL | $241,800 | 45 ft |
| 1615 RUSSELL AVE N MINNEAPOLIS MN 55411 | MINNIE B JONES | RESIDENTIAL | $266,700 | 50 ft |
| 1601 RUSSELL AVE N MINNEAPOLIS MN 55411 | RUBY A BROWN | RESIDENTIAL-TWO UNIT | $339,900 | 89 ft |
| 1619 RUSSELL AVE N MINNEAPOLIS MN 55411 | C KLUVER & C THILMANY | RESIDENTIAL | $262,900 | 100 ft |
| 1610 SHERIDAN AVE N MINNEAPOLIS MN 55411 | HAWKEYE REAL ESTATE INVEST | RESIDENTIAL | $286,400 | 142 ft |
| 1614 SHERIDAN AVE N MINNEAPOLIS MN 55411 | M LOMA & P L MORALES | RESIDENTIAL | $126,000 | 147 ft |
| 1606 SHERIDAN AVE N MINNEAPOLIS MN 55411 | O AKINYELE & H AKINYELE | RESIDENTIAL | $227,800 | 149 ft |
| 1627 RUSSELL AVE N MINNEAPOLIS MN 55411 | CESAR BONILLA GABILAN | RESIDENTIAL | $240,300 | 150 ft |
| 1618 SHERIDAN AVE N MINNEAPOLIS MN 55411 | N RIDDLE & E BUSHARD | RESIDENTIAL | $240,700 | 161 ft |
| 1600 SHERIDAN AVE N MINNEAPOLIS MN 55411 | DONALD JOSEPH | RESIDENTIAL | $376,000 | 167 ft |
Most Recent Sale
Current Tax Year