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.
6 permits on record since 2019 · $69K total declared value · Most recent: Feb 2026 (res)
Warners Stellian Co Inc
TrueWater Plumbing Corp
TRUE BLUE CONSTRUCTION SERVICES LLC
Air Rite Mechanical Systems Inc
FINAL SOLUTIONS WATERPROOFING LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 4,262 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 706 ELWOOD AVE N MINNEAPOLIS MN 55411 | WILLIAM J CARTER III ET AL | RESIDENTIAL | $264,000 | 46 ft |
| 714 ELWOOD AVE N MINNEAPOLIS MN 55411 | DIANN L WOOLEY | RESIDENTIAL-TWO UNIT | $353,300 | 48 ft |
| 700 ELWOOD AVE N MINNEAPOLIS MN 55411 | ANDREW SCHUMACHER | RESIDENTIAL | $212,500 | 95 ft |
| 720 ELWOOD AVE N MINNEAPOLIS MN 55411 | SYLVESTER WARDER | RESIDENTIAL | $307,300 | 120 ft |
| 725 IRVING AVE N MINNEAPOLIS MN 55411 | LASHONDA R FLOWERS | RESIDENTIAL | $243,000 | 121 ft |
| 620 ELWOOD AVE N MINNEAPOLIS MN 55411 | CITY OF MPLS BARNES PARK | VACANT LAND-RESIDENTIAL | $0 | 167 ft |
| 644 ELWOOD AVE N MINNEAPOLIS MN 55411 | LATRINA H DOMINO | RESIDENTIAL | $293,000 | 222 ft |
| 1427 8TH AVE N MINNEAPOLIS MN 55411 | PLAZA I INC | VACANT LAND-RESIDENTIAL | $22,000 | 231 ft |
| 801 IRVING AVE N MINNEAPOLIS MN 55411 | MAIXEE VANG & KA YANG | RESIDENTIAL | $265,000 | 236 ft |
| 1512 8TH AVE N MINNEAPOLIS MN 55411 | D W BRITT & M M GOULD | RESIDENTIAL | $252,000 | 263 ft |
Most Recent Sale
Current Tax Year