Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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 ↗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.
1 permit on record since 2022 · $16K total declared value · Most recent: Nov 2022 (misc)
SCHMIDT ROOFING 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 5,819 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 521 4TH AVE S E MINNEAPOLIS MN 55414 | S GRIGGS & B SOMMERS | RESIDENTIAL | $328,000 | 58 ft |
| 511 4TH AVE S E MINNEAPOLIS MN 55414 | J THEODORE A TUCKER | RESIDENTIAL-TWO UNIT | $403,100 | 69 ft |
| 525 4TH AVE S E MINNEAPOLIS MN 55414 | 525 4TH AVENUE LLC | RESIDENTIAL | $269,400 | 95 ft |
| 318 6TH ST S E MINNEAPOLIS MN 55414 | BILLY R SOMMERS | RESIDENTIAL | $270,000 | 111 ft |
| 316 6TH ST S E MINNEAPOLIS MN 55414 | J E GOEBERL & A THIBEAULT | RESIDENTIAL | $560,800 | 130 ft |
| 529 4TH AVE S E MINNEAPOLIS MN 55414 | HIWOT KASSAYE | RESIDENTIAL | $430,900 | 130 ft |
| 315 5TH ST S E MINNEAPOLIS MN 55414 | THEPHRASOUVANH LLC | APARTMENT | $952,000 | 142 ft |
| 323 5TH ST S E MINNEAPOLIS MN 55414 | K P BACKHUS & S C TITTLE | RESIDENTIAL | $259,200 | 143 ft |
| 327 5TH ST S E MINNEAPOLIS MN 55414 | JAKE M VANDER BROEK ET AL | RESIDENTIAL-TWO UNIT | $417,100 | 149 ft |
| 319 5TH ST S E MINNEAPOLIS MN 55414 | P A PETERSEN & J T A TUCKER | RESIDENTIAL | $558,000 | 150 ft |
Most Recent Sale
Current Tax Year