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.
5 permits on record since 2012 · $112K total declared value · Most recent: Sep 2024 (misc)
Jose W Velasquez Granda
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
GATES GENERAL CONTRACTORS 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 2,639 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1511 QUEEN AVE N MINNEAPOLIS MN 55411 | C M MERRIGAN & J D MERRIGAN | RESIDENTIAL | $399,000 | 40 ft |
| 1501 QUEEN AVE N MINNEAPOLIS MN 55411 | ARLAND P FANNING | RESIDENTIAL | $219,000 | 40 ft |
| 1515 QUEEN AVE N MINNEAPOLIS MN 55411 | LESLEY NICOLE PATTON | RESIDENTIAL | $235,300 | 80 ft |
| 1427 QUEEN AVE N MINNEAPOLIS MN 55411 | MELISSA KAY LUND | RESIDENTIAL | $225,000 | 80 ft |
| 1519 QUEEN AVE N MINNEAPOLIS MN 55411 | HORSESHOE LLC | RESIDENTIAL-TWO UNIT | $302,100 | 120 ft |
| 1423 QUEEN AVE N MINNEAPOLIS MN 55411 | SHANIQUE VIOLA WASHINGTON | RESIDENTIAL | $273,000 | 120 ft |
| 1504 RUSSELL AVE N MINNEAPOLIS MN 55411 | TIMOTHY OTTE & MOLLY BUDKE | RESIDENTIAL | $263,000 | 143 ft |
| 1508 RUSSELL AVE N MINNEAPOLIS MN 55411 | R R STANCHFIELD IV ET AL | RESIDENTIAL | $240,100 | 144 ft |
| 1500 RUSSELL AVE N MINNEAPOLIS MN 55411 | JOSE MIGUEL LALA QUITO | RESIDENTIAL-TWO UNIT | $335,000 | 154 ft |
| 1512 RUSSELL AVE N MINNEAPOLIS MN 55411 | BRENT J ADAMS TRUST | RESIDENTIAL | $231,400 | 158 ft |
Most Recent Sale
Current Tax Year