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.
No permits found in Minneapolis open data for this parcel.
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
Residential Mixed-Use 1 — low-density mixed 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 2,518 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1218 PENN AVE N MINNEAPOLIS MN 55411 | JAIME FLORES SANCHEZ | RESIDENTIAL-TWO UNIT | $264,700 | 40 ft |
| 1226 PENN AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 40 ft |
| 1214 PENN AVE N MINNEAPOLIS MN 55411 | DEXTER A CLARKE | RESIDENTIAL | $178,000 | 80 ft |
| 1230 PENN AVE N MINNEAPOLIS MN 55411 | M E BROOKS & L D BROOKS TR | RESIDENTIAL | $219,100 | 80 ft |
| 1234 PENN AVE N MINNEAPOLIS MN 55411 | DALEHA PATTERSON | RESIDENTIAL-TWO UNIT | $276,200 | 127 ft |
| 1223 OLIVER AVE N MINNEAPOLIS MN 55411 | ERIC S MATTHEWS | RESIDENTIAL | $251,000 | 138 ft |
| 1219 OLIVER AVE N MINNEAPOLIS MN 55411 | PAUL HOFRENNING | RESIDENTIAL | $188,000 | 143 ft |
| 1227 OLIVER AVE N MINNEAPOLIS MN 55411 | ANNA HYATT | RESIDENTIAL | $146,700 | 144 ft |
| 1215 OLIVER AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 159 ft |
| 1229 OLIVER AVE N MINNEAPOLIS MN 55411 | JOSEPH JACKSON | LOW INCOME RENTAL | $296,000 | 160 ft |
Most Recent Sale
Current Tax Year