ParcelLens
Property Intelligence · Twin Cities
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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.
1 permit on record since 2025 · $22K total declared value · Most recent: Jul 2025 (misc)
Lionheart Building & Consultants
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
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1222 PENN AVE N MINNEAPOLIS MN 55411 | HAMID D REGHABI | RESIDENTIAL | $144,000 | 40 ft |
| 1230 PENN AVE N MINNEAPOLIS MN 55411 | M E BROOKS & L D BROOKS TR | RESIDENTIAL | $219,100 | 40 ft |
| 1218 PENN AVE N MINNEAPOLIS MN 55411 | JAIME FLORES SANCHEZ | RESIDENTIAL-TWO UNIT | $264,700 | 80 ft |
| 1234 PENN AVE N MINNEAPOLIS MN 55411 | DALEHA PATTERSON | RESIDENTIAL-TWO UNIT | $276,200 | 87 ft |
| 1214 PENN AVE N MINNEAPOLIS MN 55411 | DEXTER A CLARKE | RESIDENTIAL | $178,000 | 120 ft |
| 1242 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 134 ft |
| 1227 OLIVER AVE N MINNEAPOLIS MN 55411 | ANNA HYATT | RESIDENTIAL | $146,700 | 138 ft |
| 1229 OLIVER AVE N MINNEAPOLIS MN 55411 | JOSEPH JACKSON | LOW INCOME RENTAL | $296,000 | 143 ft |
| 1223 OLIVER AVE N MINNEAPOLIS MN 55411 | ERIC S MATTHEWS | RESIDENTIAL | $251,000 | 143 ft |
| 1219 OLIVER AVE N MINNEAPOLIS MN 55411 | PAUL HOFRENNING | RESIDENTIAL | $188,000 | 159 ft |
Current Tax Year