ParcelLens
Property Intelligence · Twin Cities
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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.
1 permit on record since 2008 · $102K total declared value · Most recent: Dec 2008 (binb)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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
Residential Mixed-Use 1 — low-density mixed 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 6,484 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 409 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 409 UNIVERSITY LLC | APARTMENT | $2,504,200 | 83 ft |
| 327 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 327 UNIVERSITY LLC | APARTMENT | $1,570,000 | 146 ft |
| 417 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | RYAN & ALICIA KING | RESIDENTIAL-TWO UNIT | $399,800 | 150 ft |
| 316 4TH AVE S E MINNEAPOLIS MN 55414 | IGLESIA CRISTIANA ALFA Y OME | COMMERCIAL-PREFERRED | $0 | 166 ft |
| 408 4TH ST S E MINNEAPOLIS MN 55414 | 408 4TH ST SE LLC | APARTMENT | $3,490,000 | 181 ft |
| 419 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 419 UNIVERSITY AVE SE L L C | RESIDENTIAL | $325,800 | 194 ft |
| 313 4TH AVE S E MINNEAPOLIS MN 55414 | MASHROT LLC | RESIDENTIAL-TWO UNIT | $512,800 | 195 ft |
| 412 4TH ST S E MINNEAPOLIS MN 55414 | 412 4TH ST SE LLC | APARTMENT | $1,197,000 | 212 ft |
| 321 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | RED FOX PRTSHP | COMMERCIAL-PREFERRED | $642,000 | 213 ft |
| 425 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | LIVE CLOSE II LLC | APARTMENT | $2,302,000 | 249 ft |
Most Recent Sale
Current Tax Year