In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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.
4 permits on record since 2023 · $9K total declared value · Most recent: Jan 2026 (res)
Seabass Plumbing LLC
Intrepid Construction LLC
Residential Heating and Air Conditioning Inc
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 2,690 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1655 THOMAS AVE N MINNEAPOLIS MN 55411 | LILMANIE PETAMAR | VACANT LAND-RESIDENTIAL | $20,000 | 40 ft |
| 1647 THOMAS AVE N MINNEAPOLIS MN 55411 | CITY OF LAKES COMM LAND TR | — | $178,000 | 40 ft |
| 1643 THOMAS AVE N MINNEAPOLIS MN 55411 | ROSANNE MARIE THOMPSON | RESIDENTIAL | $196,000 | 80 ft |
| 1659 THOMAS AVE N MINNEAPOLIS MN 55411 | BLANCA ORTIZ-ESTRADA ET AL | RESIDENTIAL | $210,700 | 81 ft |
| 1639 THOMAS AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 120 ft |
| 1650 UPTON AVE N MINNEAPOLIS MN 55411 | DANMARK PROPERTIES LLC | RESIDENTIAL | $148,000 | 141 ft |
| 1646 UPTON AVE N MINNEAPOLIS MN 55411 | LINDA J JACKSON | RESIDENTIAL | $134,000 | 146 ft |
| 1654 UPTON AVE N MINNEAPOLIS MN 55411 | NIKIA RIDDLE | RESIDENTIAL | $151,500 | 147 ft |
| 1635 THOMAS AVE N MINNEAPOLIS MN 55411 | KEMSREAN KHENG | RESIDENTIAL | $152,000 | 160 ft |
| 1642 UPTON AVE N MINNEAPOLIS MN 55411 | R S SANCHEZ & N C BALDERAS | RESIDENTIAL | $378,000 | 162 ft |
Most Recent Sale
Current Tax Year