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.
4 permits on record since 2003 · $224K total declared value · Most recent: Nov 2023 (misc)
Red Line Contracting
Red Line Contracting
TWIN CITY HEATING AND AIR
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 1040.01
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.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,556 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2405 COLE AVE S E MINNEAPOLIS MN 55414 | ORTEGA RENTALS LLC | RESIDENTIAL-TWO UNIT | $375,100 | 40 ft |
| 2413 COLE AVE S E MINNEAPOLIS MN 55414 | KMBTC LLC | RESIDENTIAL | $274,100 | 40 ft |
| 2401 COLE AVE S E MINNEAPOLIS MN 55414 | SHANNON SANFORD | RESIDENTIAL-TWO UNIT | $237,500 | 80 ft |
| 2339 COLE AVE S E MINNEAPOLIS MN 55414 | DIEGO RIVERA LLC | RESIDENTIAL | $156,500 | 120 ft |
| 2417 COLE AVE S E MINNEAPOLIS MN 55414 | 2417-19 COLE AVE LLC | RESIDENTIAL-TWO UNIT | $292,300 | 140 ft |
| 866 24TH AVE S E MINNEAPOLIS MN 55414 | NICHOLAS G DELMAS | RESIDENTIAL | $361,000 | 151 ft |
| 2335 COLE AVE S E MINNEAPOLIS MN 55414 | W KUBECZKO & M KUBECZKO | RESIDENTIAL | $152,000 | 160 ft |
| 2421 COLE AVE S E MINNEAPOLIS MN 55414 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL-TWO UNIT | $0 | 180 ft |
| 862 24TH AVE S E MINNEAPOLIS MN 55414 | MARK ALLEN VICKERMAN ET AL | RESIDENTIAL | $341,000 | 193 ft |
| 2331 COLE AVE S E MINNEAPOLIS MN 55414 | MATTHEW GLENN TOOMEY ET AL | VACANT LAND-RESIDENTIAL | $68,000 | 200 ft |
Most Recent Sale
Current Tax Year