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.
1 permit on record since 2023 · Most recent: Oct 2023 (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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1431 WASHBURN AVE N MINNEAPOLIS MN 55411 | ROBERT S METZGER | RESIDENTIAL | $227,900 | 48 ft |
| 1505 WASHBURN AVE N MINNEAPOLIS MN 55411 | B U HALPHEN ETAL TRUSTEES | RESIDENTIAL | $318,500 | 50 ft |
| 1427 WASHBURN AVE N MINNEAPOLIS MN 55411 | WNGS HOLDINGS LLC | RESIDENTIAL | $205,500 | 93 ft |
| 1509 WASHBURN AVE N MINNEAPOLIS MN 55411 | GARY & BRENDA J ROSS | RESIDENTIAL | $320,600 | 100 ft |
| 1508 XERXES AVE N MINNEAPOLIS MN 55411 | MATTHEW RUNION & AMY RUNION | RESIDENTIAL | $292,600 | 115 ft |
| 1430 XERXES AVE N MINNEAPOLIS MN 55411 | SHONDRA L DICKSON | RESIDENTIAL | $215,000 | 125 ft |
| 1423 WASHBURN AVE N MINNEAPOLIS MN 55411 | CAMERON DOUGLAS LANDSTEINER | RESIDENTIAL | $227,000 | 139 ft |
| 1515 WASHBURN AVE N MINNEAPOLIS MN 55411 | FRANKIE ELLIOTT | RESIDENTIAL | $397,400 | 151 ft |
| 1426 XERXES AVE N MINNEAPOLIS MN 55411 | KATIE FRANSON | RESIDENTIAL | $223,700 | 151 ft |
| 1514 XERXES AVE N MINNEAPOLIS MN 55411 | C B & E L SCHIMELPFENIG | RESIDENTIAL | $476,100 | 153 ft |
Current Tax Year