ParcelLens
Property Intelligence · Twin Cities
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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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
6 permits on record since 2017 · $11K total declared value · Most recent: Jun 2022 (misc)
MERIDIAN PROPERTIES LLC
MESPO HEATING AND COOLING INC
MESPO HEATING AND COOLING INC
Lane Plumbing LLC
J LEWIS BUILDING AND REMODELING LLC
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.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 3,729 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1230 PENN AVE N MINNEAPOLIS MN 55411 | M E BROOKS & L D BROOKS TR | RESIDENTIAL | $219,100 | 47 ft |
| 1242 PENN AVE N MINNEAPOLIS MN 55411 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 47 ft |
| 1226 PENN AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 87 ft |
| 1222 PENN AVE N MINNEAPOLIS MN 55411 | HAMID D REGHABI | RESIDENTIAL | $144,000 | 127 ft |
| 1229 OLIVER AVE N MINNEAPOLIS MN 55411 | JOSEPH JACKSON | LOW INCOME RENTAL | $296,000 | 145 ft |
| MN | Unknown | — | — | 152 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | GROUND FLOOR LLC | COMMERCIAL-PREFERRED | $286,000 | 152 ft |
| MN | Unknown | — | — | 152 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | BUILD WEALTH MN INC | COMMERCIAL-PREFERRED | $1,160,000 | 152 ft |
| MN | Unknown | — | — | 152 ft |
Current Tax Year