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 2024 · Most recent: Oct 2024 (existres)
Northern Lights Heating & Air Conditioning LLC
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 1,059 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 502 2ND AVE S E MINNEAPOLIS MN 55414 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $667,000 | 83 ft |
| 520 2ND AVE S E MINNEAPOLIS MN 55414 | ST ANTHONY APARTMENTS L L C | APARTMENT | $2,795,100 | 113 ft |
| 209 5TH ST S E MINNEAPOLIS MN 55414 | ST ANTHONY APARTMENTS L L C | APARTMENT | $2,826,000 | 115 ft |
| 513 2ND AVE S E MINNEAPOLIS MN 55414 | JACOB STEPHEN UPTON | TOWNHOUSE | $302,800 | 153 ft |
| 511 2ND AVE S E MINNEAPOLIS MN 55414 | ERIC WARNKE | TOWNHOUSE | $328,500 | 153 ft |
| 509 2ND AVE S E MINNEAPOLIS MN 55414 | ANDREA STILES & LAL L STILES | TOWNHOUSE | $301,700 | 155 ft |
| 507 2ND AVE S E MINNEAPOLIS MN 55414 | KYLE L KASS & MARGO J KASS | TOWNHOUSE | $292,100 | 164 ft |
| 505 2ND AVE S E MINNEAPOLIS MN 55414 | J L STONE & A M SATHER | TOWNHOUSE | $326,400 | 176 ft |
| 503 2ND AVE S E MINNEAPOLIS MN 55414 | K J COOPER & R B COOPER | TOWNHOUSE | $317,800 | 185 ft |
| 501 2ND AVE S E MINNEAPOLIS MN 55414 | RZ HOME LLC | TOWNHOUSE | $324,200 | 190 ft |
Most Recent Sale
Current Tax Year