ParcelLens
Property Intelligence · Twin Cities
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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.
1 permit on record since 2013 · $7.1M total declared value · Most recent: Apr 2013 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Downtown West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1044
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Downtown Center 2 — downtown frame district
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 722 HENNEPIN AVE MINNEAPOLIS MN 55403 | DOWNSTATE INC ET AL | LAND-COMMERCIAL | $1,750,000 | 106 ft |
| 800 HENNEPIN AVE MINNEAPOLIS MN 55403 | PENCE BUILDING LLC | COMMERCIAL-PREFERRED | $3,930,000 | 124 ft |
| 19 8TH ST N MINNEAPOLIS MN 55403 | SUMMIT HOSPITALITY 118 LLC | COMMERCIAL-PREFERRED | $17,850,000 | 208 ft |
| 806 HENNEPIN AVE MINNEAPOLIS MN 55403 | BRULS INC | LAND-COMMERCIAL | $1,220,000 | 217 ft |
| 710 HENNEPIN AVE MINNEAPOLIS MN 55403 | HENNEPIN THEATRE TRUST | COMMERCIAL-PREFERRED | $0 | 223 ft |
| 700 HENNEPIN AVE MINNEAPOLIS MN 55403 | MAGNUM PROPERTY 700 LLC | COMMERCIAL-NON PREFERRED | $2,583,100 | 223 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | Unknown | — | $0 | 223 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | Unknown | — | $0 | 223 ft |
| MN | Unknown | — | — | 223 ft |
| 731 HENNEPIN AVE MINNEAPOLIS MN 55403 | SCF RC FUNDING IV LLC | COMMERCIAL-PREFERRED | $4,238,100 | 248 ft |
Most Recent Sale
Current Tax Year