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.
5 permits on record since 2019 · $115K total declared value · Most recent: Oct 2025 (existres)
Farr Plumbing and Heating LLC
Better Builds LLC
Farr Plumbing and Heating LLC
ASPEN CONTRACTING INC
Standard Heating and Air Conditioning 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 8,149 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 625 ELWOOD AVE N MINNEAPOLIS MN 55411 | LUIS F PAUCAR | VACANT LAND-RESIDENTIAL | $14,000 | 69 ft |
| 624 JAMES AVE N MINNEAPOLIS MN 55411 | SHARON & CHRISTOPHER BORN TR | RESIDENTIAL-TWO UNIT | $320,000 | 111 ft |
| 623 ELWOOD AVE N MINNEAPOLIS MN 55411 | VERONICA R POWELL | RESIDENTIAL | $172,000 | 119 ft |
| 613 ELWOOD AVE N MINNEAPOLIS MN 55411 | LYNN MARIE JOHNSON | RESIDENTIAL-TWO UNIT | $303,000 | 184 ft |
| 644 ELWOOD AVE N MINNEAPOLIS MN 55411 | LATRINA H DOMINO | RESIDENTIAL | $293,000 | 229 ft |
| 636 ELWOOD AVE N MINNEAPOLIS MN 55411 | M A & G D BELL | RESIDENTIAL | $308,000 | 237 ft |
| 632 ELWOOD AVE N MINNEAPOLIS MN 55411 | PAUL PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $302,600 | 254 ft |
| 700 ELWOOD AVE N MINNEAPOLIS MN 55411 | ANDREW SCHUMACHER | RESIDENTIAL | $212,500 | 293 ft |
| 620 ELWOOD AVE N MINNEAPOLIS MN 55411 | CITY OF MPLS BARNES PARK | VACANT LAND-RESIDENTIAL | $0 | 319 ft |
| 609 HUMBOLDT AVE N MINNEAPOLIS MN 55411 | CITY OF MINNEAPOLIS PK BOARD | LAND-COMMERCIAL | $0 | 328 ft |
Most Recent Sale
Current Tax Year