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 2020 · $21K total declared value · Most recent: Apr 2025 (misc)
Lionheart Building & Consultants
Centraire Heating & Air Conditioning 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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 902 PENN AVE N MINNEAPOLIS MN 55411 | PAUL DREBLOW | RESIDENTIAL | $212,900 | 42 ft |
| 910 PENN AVE N MINNEAPOLIS MN 55411 | J A JACKSON & R J SOUTHALL | RESIDENTIAL-TWO UNIT | $385,800 | 42 ft |
| 826 PENN AVE N MINNEAPOLIS MN 55411 | REMY KODZO & ROSE MALLY | RESIDENTIAL | $304,000 | 84 ft |
| 914 PENN AVE N MINNEAPOLIS MN 55411 | SAMANTHA HOCAO & HIEU HO | RESIDENTIAL | $167,500 | 84 ft |
| 822 PENN AVE N MINNEAPOLIS MN 55411 | TWIN VENTURES LLC | RESIDENTIAL-TWO UNIT | $361,500 | 126 ft |
| 918 PENN AVE N MINNEAPOLIS MN 55411 | M A KRONE & S D KRONE | RESIDENTIAL | $226,000 | 126 ft |
| 905 OLIVER AVE N MINNEAPOLIS MN 55411 | MADISON AVE HOMES LLC | RESIDENTIAL-TWO UNIT | $301,600 | 141 ft |
| 909 OLIVER AVE N MINNEAPOLIS MN 55411 | NORTH SIDE COMMUNITY L P | LOW INCOME RENTAL | $864,000 | 147 ft |
| 827 OLIVER AVE N MINNEAPOLIS MN 55411 | CHA THAO-VANG | RESIDENTIAL | $283,000 | 161 ft |
| 818 PENN AVE N MINNEAPOLIS MN 55411 | W CHANNING HARRISON | RESIDENTIAL-TWO UNIT | $388,100 | 168 ft |
Current Tax Year