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.
4 permits on record since 2020 · $9K total declared value · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
TOTAL COMFORT
LEGACY RESTORATION LLC
Water Heaters Now 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 5,444 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1506 WASHBURN AVE N MINNEAPOLIS MN 55411 | C R RIES JR & A J J RIES | RESIDENTIAL | $452,000 | 56 ft |
| 1500 WASHBURN AVE N MINNEAPOLIS MN 55411 | VALORIE L JONES | RESIDENTIAL | $454,000 | 59 ft |
| 1510 WASHBURN AVE N MINNEAPOLIS MN 55411 | CHAD HOFLAND | RESIDENTIAL | $304,800 | 109 ft |
| 1420 WASHBURN AVE N MINNEAPOLIS MN 55411 | KARI GIBBONS/ERIK RAIVO | RESIDENTIAL | $311,400 | 127 ft |
| 1507 VINCENT AVE N MINNEAPOLIS MN 55411 | M S DUMMANN/NICOLE L DUMMANN | RESIDENTIAL | $394,000 | 168 ft |
| 1501 VINCENT AVE N MINNEAPOLIS MN 55411 | MARRY DANIELS | RESIDENTIAL-TWO UNIT | $326,200 | 173 ft |
| 1520 WASHBURN AVE N MINNEAPOLIS MN 55411 | C MOON & D MOON | RESIDENTIAL | $256,300 | 177 ft |
| 1501 WASHBURN AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 200 ft |
| 1511 VINCENT AVE N MINNEAPOLIS MN 55411 | DEBORAH A HELLERUD | RESIDENTIAL | $223,000 | 202 ft |
| 1431 WASHBURN AVE N MINNEAPOLIS MN 55411 | ROBERT S METZGER | RESIDENTIAL | $227,900 | 203 ft |
Most Recent Sale
Current Tax Year