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 ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
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 9,141 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 414 5TH ST S E MINNEAPOLIS MN 55414 | MAUREEN J LOVEN-BELL | RESIDENTIAL | $459,700 | 66 ft |
| 400 5TH ST S E MINNEAPOLIS MN 55414 | VALERIE MATA/VERA EHRENBERG | RESIDENTIAL | $399,800 | 75 ft |
| 412 4TH AVE S E MINNEAPOLIS MN 55414 | M L MENKEN/E KLEIN ET AL TRS | VACANT LAND-RESIDENTIAL | $8,000 | 118 ft |
| 418 5TH ST S E MINNEAPOLIS MN 55414 | TOD S ELKINS | RESIDENTIAL | $705,000 | 125 ft |
| 407 4TH ST S E MINNEAPOLIS MN 55414 | MICHELLE L MENKEN | TRIPLEX | $441,500 | 166 ft |
| 415 4TH ST S E MINNEAPOLIS MN 55414 | BLACK DUCK HOLDINGS LLC | APARTMENT | $419,400 | 175 ft |
| 420 5TH ST S E MINNEAPOLIS MN 55414 | JUDITH A HUPP | RESIDENTIAL-TWO UNIT | $605,000 | 181 ft |
| 401 4TH ST S E MINNEAPOLIS MN 55414 | HOODED WARBLER LLC | APARTMENT | $1,094,000 | 189 ft |
| 419 4TH ST S E MINNEAPOLIS MN 55414 | D W POMEROY & M J POMEROY | RESIDENTIAL | $374,800 | 207 ft |
| 413 5TH ST S E MINNEAPOLIS MN 55414 | WUNDERLICH-SWEET REV TRUST | TRIPLEX | $610,000 | 218 ft |
Most Recent Sale
Current Tax Year