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.
5 permits on record since 2017 · $40K total declared value · Most recent: May 2026 (remodel)
Seans Renovation INC
B and D Plumbing Heating and A/C Inc
CHRISTOPHER WILSON
Berg Plumbing and Heating Inc
FLANNERY CONSTRUCTION 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 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 5,586 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 410 5TH AVE S E MINNEAPOLIS MN 55414 | K M GEAGAN & J HURRLE | RESIDENTIAL-TWO UNIT | $401,000 | 75 ft |
| 504 5TH ST S E MINNEAPOLIS MN 55414 | D J GREEN & A SAUSEN | RESIDENTIAL-TWO UNIT | $596,200 | 85 ft |
| 508 5TH ST S E MINNEAPOLIS MN 55414 | P H NACHMAN & D D NACHMAN | RESIDENTIAL | $328,700 | 94 ft |
| 514 5TH ST S E MINNEAPOLIS MN 55414 | 514 5TH ST SE LLC | APARTMENT | $1,407,000 | 110 ft |
| 507 4TH ST S E MINNEAPOLIS MN 55414 | 507 LLC | APARTMENT | $1,152,000 | 122 ft |
| 501 4TH ST S E MINNEAPOLIS MN 55414 | M F BURNS & E J OSTERMEIER | RESIDENTIAL | $627,800 | 154 ft |
| 515 4TH ST S E MINNEAPOLIS MN 55414 | 515 LLC | APARTMENT | $1,244,000 | 154 ft |
| 520 5TH ST S E MINNEAPOLIS MN 55414 | FIVE TWENTY LLP | APARTMENT | $702,000 | 174 ft |
| 424 5TH ST S E MINNEAPOLIS MN 55414 | ERIC SALO & STELLA BROWN | RESIDENTIAL | $968,000 | 196 ft |
| 521 4TH ST S E MINNEAPOLIS MN 55414 | LAKE CITY PROPERTIES LLC | APARTMENT | $624,000 | 204 ft |
Most Recent Sale
Current Tax Year