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.
5 permits on record since 2018 · $12K total declared value · Most recent: Jun 2025 (remodel)
Innovative Basement Authority
Freedom Forever Minnesota LLC
CENTERPOINT ENERGY
Minnesota Rusco Inc
Urban Pine Plumbing and Mechanical Inc
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 4,833 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1324 XERXES AVE N MINNEAPOLIS MN 55411 | EARL S PETTIFORD | RESIDENTIAL | $386,400 | 60 ft |
| 1336 XERXES AVE N MINNEAPOLIS MN 55411 | NEERAJ MEHTA & ERIN MEHTA | RESIDENTIAL | $453,700 | 60 ft |
| 1318 XERXES AVE N MINNEAPOLIS MN 55411 | PETER MOSES | RESIDENTIAL | $378,500 | 115 ft |
| 1342 XERXES AVE N MINNEAPOLIS MN 55411 | KAITLIN KELLY & CLINT BOHATY | RESIDENTIAL | $355,400 | 119 ft |
| 1333 WASHBURN AVE N MINNEAPOLIS MN 55411 | MICHAEL MENSAH | RESIDENTIAL | $170,000 | 141 ft |
| 1329 WASHBURN AVE N MINNEAPOLIS MN 55411 | JOANN & MICHALE BECKER | RESIDENTIAL | $297,200 | 150 ft |
| 1337 WASHBURN AVE N MINNEAPOLIS MN 55411 | W & E STANLEY | RESIDENTIAL | $251,500 | 155 ft |
| 1314 XERXES AVE N MINNEAPOLIS MN 55411 | MARIETTA L SMITH TRUST | RESIDENTIAL | $407,700 | 165 ft |
| 1346 XERXES AVE N MINNEAPOLIS MN 55411 | ISHMAEL ISRAEL | RESIDENTIAL | $364,100 | 173 ft |
| 1321 WASHBURN AVE N MINNEAPOLIS MN 55411 | J D CRANDALL & L J CRANDALL | RESIDENTIAL | $287,200 | 184 ft |
Most Recent Sale
Current Tax Year