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.
1 permit on record since 2004 · $62K total declared value · Most recent: Oct 2004 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 3,206 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 5754 33RD AVE S MINNEAPOLIS MN 55417 | FORTUNATE HOMES LLC | APARTMENT | $542,000 | 50 ft |
| 5746 33RD AVE S MINNEAPOLIS MN 55417 | D & P RENTALS LLC | APARTMENT | $535,000 | 54 ft |
| 5742 33RD AVE S MINNEAPOLIS MN 55417 | RUNQUS GRAY | APARTMENT | $424,000 | 104 ft |
| 5760 33RD AVE S MINNEAPOLIS MN 55417 | ZANZIBAR FINANCING INC | APARTMENT | $938,000 | 125 ft |
| 5749 SANDER DR MINNEAPOLIS MN 55417 | D&P RENTALS LLC | APARTMENT | $453,000 | 134 ft |
| 5745 SANDER DR MINNEAPOLIS MN 55417 | LEBAN'S PROPERTIES LLC | APARTMENT | $390,000 | 141 ft |
| 5753 SANDER DR MINNEAPOLIS MN 55417 | 5753 SANDER LLC | APARTMENT | $453,000 | 143 ft |
| 5738 33RD AVE S MINNEAPOLIS MN 55417 | FORTUNATE HOMES LLC | APARTMENT | $548,000 | 150 ft |
| 5737 SANDER DR MINNEAPOLIS MN 55417 | 5737 SANDER LLC | APARTMENT | $465,000 | 167 ft |
| 5749 33RD AVE S MINNEAPOLIS MN 55417 | NIIKS INVESTMENT LLC | APARTMENT | $421,000 | 180 ft |
Most Recent Sale
Current Tax Year