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.
10 permits on record since 2014 · $11.9M total declared value · Most recent: Jun 2025 (commfdrr)
Davis Mechanical Systems, Inc.
Archer Mechanical LLC
NORTHERN AIR CORP
292 DESIGN GROUP
NORTHERN AIR CORP
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 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 307 4TH ST S E MINNEAPOLIS MN 55414 | SPECIAL SCHOOL DIST NO 1 | LAND-COMMERCIAL | $0 | 179 ft |
| 315 4TH ST S E MINNEAPOLIS MN 55414 | SPECIAL SCHOOL DIST NO 1 | LAND-COMMERCIAL | $0 | 219 ft |
| 323 4TH ST S E MINNEAPOLIS MN 55414 | SPECIAL SCHOOL DIST NO 1 | LAND-COMMERCIAL | $0 | 279 ft |
| 501 3RD AVE S E MINNEAPOLIS MN 55414 | LJSD PROPERTIES LLC | RESIDENTIAL | $378,800 | 298 ft |
| 219 5TH ST S E MINNEAPOLIS MN 55414 | TA REAL ESTATE LLC | RESIDENTIAL | $408,400 | 298 ft |
| 301 5TH ST S E MINNEAPOLIS MN 55414 | GSH PROPERTIES 1 LLC | APARTMENT | $1,298,000 | 307 ft |
| 322 3RD AVE S E MINNEAPOLIS MN 55414 | E WARD, C ROSSMAN TRUSTEES | RESIDENTIAL-TWO UNIT | $483,300 | 324 ft |
| 307 5TH ST S E MINNEAPOLIS MN 55414 | DAVID J CURRY MARITAL TRUST | RESIDENTIAL-TWO UNIT | $484,100 | 328 ft |
| 200 5TH ST S E MINNEAPOLIS MN 55414 | CITY OF MPLS THROUGH PARK BD | LAND-COMMERCIAL | $0 | 336 ft |
| 310 4TH ST S E MINNEAPOLIS MN 55414 | RICHARD KEHNEMAN | RESIDENTIAL-TWO UNIT | $430,200 | 344 ft |
Current Tax Year