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.
6 permits on record since 2016 · $7K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
ALL ENERGY SOLAR INC
Norblom Plumbing Co
Standard Heating and Air Conditioning Inc
MERIDIAN PROPERTIES LLC
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 1040.02
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
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 2,595 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1077 25TH AVE S E MINNEAPOLIS MN 55414 | BEN JANSSENS | RESIDENTIAL | $261,800 | 40 ft |
| 1069 25TH AVE S E MINNEAPOLIS MN 55414 | COMO INVSTMNT PROPERTIES LLC | RESIDENTIAL | $284,700 | 40 ft |
| 1081 25TH AVE S E MINNEAPOLIS MN 55414 | MICHAEL G JORDAN ET AL | RESIDENTIAL | $402,000 | 80 ft |
| 1065 25TH AVE S E MINNEAPOLIS MN 55414 | BEAR CAT LLC | RESIDENTIAL | $222,400 | 80 ft |
| 1061 25TH AVE S E MINNEAPOLIS MN 55414 | BEN JANSSENS PROPERTIES LLC | RESIDENTIAL | $255,000 | 120 ft |
| 1085 25TH AVE S E MINNEAPOLIS MN 55414 | R M WOLFE & U HERRMANN | RESIDENTIAL | $297,100 | 120 ft |
| 1072 24TH AVE S E MINNEAPOLIS MN 55414 | LOGAN GUEST | RESIDENTIAL-TWO UNIT | $280,000 | 140 ft |
| 1076 24TH AVE S E MINNEAPOLIS MN 55414 | BECKER & ENGELBY PROP LLC | RESIDENTIAL | $266,700 | 145 ft |
| 1068 24TH AVE S E MINNEAPOLIS MN 55414 | M LEE WILLIS | RESIDENTIAL | $287,700 | 147 ft |
| 1057 25TH AVE S E MINNEAPOLIS MN 55414 | 1604 DAYTON LLC | RESIDENTIAL-TWO UNIT | $261,400 | 158 ft |
Most Recent Sale
Current Tax Year