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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
2 permits on record since 2024 · $38K total declared value · Most recent: Jan 2026 (commercial minor)
Urban Pine Plumbing and Mechanical Inc
R & R Roofing INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Wenonah · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 121.01
Zip code 55417
Source: Redfin Data Center (Invalid Date) · Zip 55417
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,315 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 5741 33RD AVE S MINNEAPOLIS MN 55417 | WILSON E QUIZHPI CUZCO | APARTMENT | $437,000 | 50 ft |
| 5731 33RD AVE S MINNEAPOLIS MN 55417 | 5738 BOSSEN TERR LLC | LOW INCOME RENTAL | $668,000 | 70 ft |
| 5745 33RD AVE S MINNEAPOLIS MN 55417 | JOSE C GONZALEZ | APARTMENT | $421,000 | 100 ft |
| 5728 34TH AVE S MINNEAPOLIS MN 55417 | FLAVIO & MARIA JULIA JIMBO | RESIDENTIAL | $281,000 | 136 ft |
| 5732 34TH AVE S MINNEAPOLIS MN 55417 | PHUNG PHI VU | RESIDENTIAL-TWO UNIT | $348,000 | 144 ft |
| 5749 33RD AVE S MINNEAPOLIS MN 55417 | NIIKS INVESTMENT LLC | APARTMENT | $421,000 | 150 ft |
| 5722 34TH AVE S MINNEAPOLIS MN 55417 | DAVID E SCHLEICHER ET AL | RESIDENTIAL | $311,000 | 151 ft |
| 5736 34TH AVE S MINNEAPOLIS MN 55417 | TABITHA CAMILLE JOSEPH | RESIDENTIAL-TWO UNIT | $341,500 | 168 ft |
| 5738 33RD AVE S MINNEAPOLIS MN 55417 | FORTUNATE HOMES LLC | APARTMENT | $548,000 | 185 ft |
| 5742 33RD AVE S MINNEAPOLIS MN 55417 | RUNQUS GRAY | APARTMENT | $424,000 | 186 ft |
Most Recent Sale
Current Tax Year