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.
2 permits on record since 2021 · $29K total declared value · Most recent: Mar 2025 (misc)
Lionheart Building & Consultants
CHAMPION PLUMBING LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Como · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1040.01
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2417 COLE AVE S E MINNEAPOLIS MN 55414 | 2417-19 COLE AVE LLC | RESIDENTIAL-TWO UNIT | $292,300 | 40 ft |
| 2425 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $182,000 | 135 ft |
| 2427 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $182,000 | 135 ft |
| 2429 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $182,000 | 135 ft |
| 2431 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $182,000 | 135 ft |
| 2433 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $182,000 | 135 ft |
| 2435 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $182,000 | 135 ft |
| 2437 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $182,000 | 135 ft |
| 2439 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $200,000 | 135 ft |
| 2441 COLE AVE S E MINNEAPOLIS MN 55414 | COLE TH STUDENT HOUSE CO-OP | COOPERATIVE HOUSING | $155,300 | 135 ft |
Most Recent Sale
Current Tax Year