Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2023 · $20K total declared value · Most recent: Jun 2023 (misc)
NEW LIFE CONTRACTING 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 4,601 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1028 NEWTON AVE N MINNEAPOLIS MN 55411 | MOHAMED SUFI & ANAB MOHAMED | RESIDENTIAL | $314,000 | 63 ft |
| 1108 NEWTON AVE N MINNEAPOLIS MN 55411 | KRISTOFER MERTZ | RESIDENTIAL | $336,000 | 63 ft |
| 1020 NEWTON AVE N MINNEAPOLIS MN 55411 | CITY OF LAKES COMM LAND TRST | — | $330,000 | 116 ft |
| 1112 NEWTON AVE N MINNEAPOLIS MN 55411 | VUSUMIZI ZULU | RESIDENTIAL | $317,000 | 126 ft |
| 1103 MORGAN AVE N MINNEAPOLIS MN 55411 | HAWKEYE R E INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $295,700 | 138 ft |
| 1107 MORGAN AVE N MINNEAPOLIS MN 55411 | BRANDON BASS | RESIDENTIAL | $333,000 | 152 ft |
| 1027 MORGAN AVE N MINNEAPOLIS MN 55411 | NORTH SIDE COMMUNITY L P | LOW INCOME RENTAL | $986,000 | 156 ft |
| 1016 NEWTON AVE N MINNEAPOLIS MN 55411 | HORSESHOE LLC | APARTMENT | $358,000 | 158 ft |
| 1103 NEWTON AVE N MINNEAPOLIS MN 55411 | NINA ROBINSON | RESIDENTIAL | $321,000 | 186 ft |
| 1031 NEWTON AVE N MINNEAPOLIS MN 55411 | XANG VANG | VACANT LAND-RESIDENTIAL | $19,000 | 191 ft |
Most Recent Sale
Current Tax Year