ParcelLens
Property Intelligence · Twin Cities
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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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
2 permits on record since 2014 · $107K total declared value · Most recent: Oct 2017 (remodel)
INNOVATIVE POWER SYSTEMS INC
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3-story wood frame (5–12 units) benchmarks for 26,746 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 511 3RD AVE S E MINNEAPOLIS MN 55414 | N M IPSEN & K L MAXEY | RESIDENTIAL-TWO UNIT | $422,000 | 131 ft |
| 520 2ND AVE S E MINNEAPOLIS MN 55414 | ST ANTHONY APARTMENTS L L C | APARTMENT | $2,795,100 | 170 ft |
| 209 5TH ST S E MINNEAPOLIS MN 55414 | ST ANTHONY APARTMENTS L L C | APARTMENT | $2,826,000 | 186 ft |
| 501 3RD AVE S E MINNEAPOLIS MN 55414 | LJSD PROPERTIES LLC | RESIDENTIAL | $378,800 | 193 ft |
| 219 5TH ST S E MINNEAPOLIS MN 55414 | TA REAL ESTATE LLC | RESIDENTIAL | $408,400 | 210 ft |
| 510 2ND AVE S E MINNEAPOLIS MN 55414 | THOMAS P RALPH | RESIDENTIAL | $298,000 | 224 ft |
| 522 3RD AVE S E MINNEAPOLIS MN 55414 | V THORSTENSON & C JOHNSON | RESIDENTIAL | $337,100 | 232 ft |
| 300 6TH ST S E MINNEAPOLIS MN 55414 | V THORSTENSON/C JOHNSON | RESIDENTIAL | $461,000 | 240 ft |
| 516 3RD AVE S E MINNEAPOLIS MN 55414 | CCHUN PROPERTIES LLC ET AL | TRIPLEX | $431,400 | 251 ft |
| 219 6TH ST S E MINNEAPOLIS MN 55414 | CITY OF MPLS | COMMERCIAL-PREFERRED | $0 | 258 ft |
Current Tax Year