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.
1 permit on record since 2019 · Most recent: Jun 2019 (existres)
Air Mechanical 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 3 — medium-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 2,143 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 320 4TH ST S E MINNEAPOLIS MN 55414 | JOHN R PEMBLE | APARTMENT | $785,000 | 76 ft |
| 328 4TH ST S E MINNEAPOLIS MN 55414 | INTERSTATE RE INVESTOR LLC | APARTMENT | $547,800 | 83 ft |
| 327 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 327 UNIVERSITY LLC | APARTMENT | $1,570,000 | 128 ft |
| 316 4TH ST S E MINNEAPOLIS MN 55414 | GSH PROPERTIES 1 LLC | APARTMENT | $1,371,000 | 138 ft |
| 321 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | RED FOX PRTSHP | COMMERCIAL-PREFERRED | $642,000 | 144 ft |
| 316 4TH AVE S E MINNEAPOLIS MN 55414 | IGLESIA CRISTIANA ALFA Y OME | COMMERCIAL-PREFERRED | $0 | 157 ft |
| 315 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | ST ANTHONY FLATS LLC | LOW INCOME RENTAL | $926,000 | 185 ft |
| 401 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | STONE ARCH WAY LLC | APARTMENT | $6,719,000 | 195 ft |
| 310 4TH ST S E MINNEAPOLIS MN 55414 | RICHARD KEHNEMAN | RESIDENTIAL-TWO UNIT | $430,200 | 202 ft |
| 408 4TH ST S E MINNEAPOLIS MN 55414 | 408 4TH ST SE LLC | APARTMENT | $3,490,000 | 222 ft |
Most Recent Sale
Current Tax Year