Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2008 · $250K total declared value · Most recent: Nov 2008 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Marcy Holmes · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1037
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 3 — medium-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 sfr / adu benchmarks for 857 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 501 3RD AVE S E MINNEAPOLIS MN 55414 | LJSD PROPERTIES LLC | RESIDENTIAL | $378,800 | 54 ft |
| 511 3RD AVE S E MINNEAPOLIS MN 55414 | N M IPSEN & K L MAXEY | RESIDENTIAL-TWO UNIT | $422,000 | 89 ft |
| 209 5TH ST S E MINNEAPOLIS MN 55414 | ST ANTHONY APARTMENTS L L C | APARTMENT | $2,826,000 | 114 ft |
| 502 2ND AVE S E MINNEAPOLIS MN 55414 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $667,000 | 201 ft |
| 519 3RD AVE S E MINNEAPOLIS MN 55414 | ST ANTHONY APARTMENTS L L C | APARTMENT | $4,269,000 | 210 ft |
| 301 5TH ST S E MINNEAPOLIS MN 55414 | GSH PROPERTIES 1 LLC | APARTMENT | $1,298,000 | 216 ft |
| 510 2ND AVE S E MINNEAPOLIS MN 55414 | THOMAS P RALPH | RESIDENTIAL | $298,000 | 229 ft |
| 200 5TH ST S E MINNEAPOLIS MN 55414 | CITY OF MPLS THROUGH PARK BD | LAND-COMMERCIAL | $0 | 269 ft |
| 520 2ND AVE S E MINNEAPOLIS MN 55414 | ST ANTHONY APARTMENTS L L C | APARTMENT | $2,795,100 | 276 ft |
| 307 5TH ST S E MINNEAPOLIS MN 55414 | DAVID J CURRY MARITAL TRUST | RESIDENTIAL-TWO UNIT | $484,100 | 282 ft |
Most Recent Sale
Current Tax Year