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.
2 permits on record since 2022 · Most recent: Feb 2023 (existres)
Hoffman Refrigeration and Heating Ltd
CenterPoint Energy Resource Corp
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 2,794 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 702 OLIVER AVE N MINNEAPOLIS MN 55411 | XEE THAO | RESIDENTIAL | $199,000 | 42 ft |
| 710 OLIVER AVE N MINNEAPOLIS MN 55411 | TAMARA & GARY GILMER | RESIDENTIAL | $158,000 | 42 ft |
| 624 OLIVER AVE N MINNEAPOLIS MN 55411 | M K KITTOK & D K CARROLL | RESIDENTIAL | $217,000 | 84 ft |
| 714 OLIVER AVE N MINNEAPOLIS MN 55411 | J L HEATH & S L JOHNSON | RESIDENTIAL | $220,800 | 84 ft |
| 620 OLIVER AVE N MINNEAPOLIS MN 55411 | KNG HOMES LLC | RESIDENTIAL | $91,000 | 126 ft |
| 718 OLIVER AVE N MINNEAPOLIS MN 55411 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 126 ft |
| 707 NEWTON AVE N MINNEAPOLIS MN 55411 | JEWUAN MARSHALL | RESIDENTIAL | $259,000 | 139 ft |
| 711 NEWTON AVE N MINNEAPOLIS MN 55411 | ANDREW GOKE | VACANT LAND-RESIDENTIAL | $17,000 | 145 ft |
| 701 NEWTON AVE N MINNEAPOLIS MN 55411 | LALEE SASHI INARA | RESIDENTIAL | $141,300 | 145 ft |
| 625 NEWTON AVE N MINNEAPOLIS MN 55411 | ANDREW GOKE | RESIDENTIAL | $217,000 | 162 ft |
Most Recent Sale
Current Tax Year