Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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 2003 · $1.2M total declared value · Most recent: Jun 2003 (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 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 7,112 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| MN | Unknown | — | — | 69 ft |
| MN | Unknown | — | — | 69 ft |
| MN | Unknown | — | — | 69 ft |
| 423 5TH ST S E MINNEAPOLIS MN 55414 | A BECK AND M SURBER | RESIDENTIAL-ZERO LOT LINE | $324,000 | 69 ft |
| 425 5TH ST S E MINNEAPOLIS MN 55414 | A EDMOND AND M EDMOND | RESIDENTIAL-ZERO LOT LINE | $324,000 | 69 ft |
| MN | Unknown | — | — | 69 ft |
| 413 5TH ST S E MINNEAPOLIS MN 55414 | WUNDERLICH-SWEET REV TRUST | TRIPLEX | $610,000 | 75 ft |
| 405 5TH ST S E MINNEAPOLIS MN 55414 | C E NAUGHTON & J R ARIAS | RESIDENTIAL | $383,400 | 133 ft |
| 511 5TH AVE S E MINNEAPOLIS MN 55414 | K MUNSON & J MUNSON | RESIDENTIAL-TWO UNIT | $393,700 | 135 ft |
| 431 5TH ST S E MINNEAPOLIS MN 55414 | KURT J HAYEK | RESIDENTIAL | $265,200 | 139 ft |
Most Recent Sale
Current Tax Year