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.
8 permits on record since 2017 · $60K total declared value · Most recent: Jul 2019 (res)
Sowada & Barna Plumbing LLC
EGAN COMPANY INC
EGAN COMPANY INC
GSL INVESTMENTS LLC
EGAN COMPANY 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 7,268 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 636 ELWOOD AVE N MINNEAPOLIS MN 55411 | M A & G D BELL | RESIDENTIAL | $308,000 | 55 ft |
| 644 ELWOOD AVE N MINNEAPOLIS MN 55411 | LATRINA H DOMINO | RESIDENTIAL | $293,000 | 117 ft |
| 701 HUMBOLDT AVE N MINNEAPOLIS MN 55411 | MPLS GLENWOOD UNIT JEHOVAHS | COMMERCIAL-PREFERRED | $0 | 131 ft |
| 1419 8TH AVE N MINNEAPOLIS MN 55411 | PLAZA I INC | VACANT LAND-RESIDENTIAL | $20,000 | 179 ft |
| 1413 8TH AVE N MINNEAPOLIS MN 55411 | PLAZA I INC | VACANT LAND-RESIDENTIAL | $20,000 | 188 ft |
| 1427 8TH AVE N MINNEAPOLIS MN 55411 | PLAZA I INC | VACANT LAND-RESIDENTIAL | $22,000 | 195 ft |
| 1407 8TH AVE N MINNEAPOLIS MN 55411 | PLAZA I INC | VACANT LAND-RESIDENTIAL | $20,000 | 220 ft |
| 623 ELWOOD AVE N MINNEAPOLIS MN 55411 | VERONICA R POWELL | RESIDENTIAL | $172,000 | 220 ft |
| 625 ELWOOD AVE N MINNEAPOLIS MN 55411 | LUIS F PAUCAR | VACANT LAND-RESIDENTIAL | $14,000 | 235 ft |
| 700 ELWOOD AVE N MINNEAPOLIS MN 55411 | ANDREW SCHUMACHER | RESIDENTIAL | $212,500 | 245 ft |
Most Recent Sale
Current Tax Year