In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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.
5 permits on record since 2019 · $250K total declared value · Most recent: Feb 2025 (res)
MN Plumbing & Home Services INC
KAB Plumbing LLC
Air Rite Mechanical Systems Inc
Air Rite Mechanical Systems Inc
WESTAR HOMES INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Near - North · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 33
Zip code 55411
Source: Redfin Data Center (Invalid Date) · Zip 55411
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 3,319 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1122 JAMES AVE N MINNEAPOLIS MN 55411 | E NGAIMA & S K NGAIMA SR | RESIDENTIAL-TWO UNIT | $239,800 | 74 ft |
| 1134 JAMES AVE N MINNEAPOLIS MN 55411 | CITY OF LAKES COMM LAND TRST | — | $202,000 | 87 ft |
| 1127 IRVING AVE N MINNEAPOLIS MN 55411 | S GABBARD & A GABBARD | RESIDENTIAL | $201,400 | 105 ft |
| 1131 IRVING AVE N MINNEAPOLIS MN 55411 | R CHRISTENSON & J C BARROW | RESIDENTIAL | $264,000 | 117 ft |
| 1119 IRVING AVE N MINNEAPOLIS MN 55411 | DENABO TUSE & BELYENSH WOLLO | RESIDENTIAL | $289,000 | 120 ft |
| 1202 JAMES AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 128 ft |
| 1114 JAMES AVE N MINNEAPOLIS MN 55411 | ABISHU G WOGE | RESIDENTIAL | $323,000 | 138 ft |
| 1127 JAMES AVE N MINNEAPOLIS MN 55411 | MARIA L LITTLE ARNOLD ET AL | RESIDENTIAL | $277,000 | 166 ft |
| 1131 JAMES AVE N MINNEAPOLIS MN 55411 | M K TURNER & O L CROWELL | RESIDENTIAL | $315,000 | 166 ft |
| 1206 JAMES AVE N MINNEAPOLIS MN 55411 | NORTHSIDE RES REDEV/CO-OP | RESIDENTIAL | $232,100 | 170 ft |
Most Recent Sale
Current Tax Year