Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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.
2 permits on record since 2019 · Most recent: Jun 2019 (res)
Urban Pine Plumbing and Mechanical Inc
CenterPoint Energy Resource 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
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 3,725 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 208 5TH AVE S E MINNEAPOLIS MN 55414 | SAMUEL OMANN | RESIDENTIAL | $341,200 | 50 ft |
| 216 5TH AVE S E MINNEAPOLIS MN 55414 | JACOB NELSON | RESIDENTIAL | $328,400 | 53 ft |
| 508 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | NUWAY ALLIANCE | APARTMENT | $1,115,000 | 102 ft |
| 504 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SCOTT MAIER & CORRIN MAIER | RESIDENTIAL-TWO UNIT | $501,700 | 119 ft |
| 204 5TH AVE S E MINNEAPOLIS MN 55414 | B R SOMMERS & S N GRIGGS | TRIPLEX | $415,000 | 120 ft |
| 519 2ND ST S E MINNEAPOLIS MN 55414 | FLOUR SACK FLATS CONDO ASSN | VACANT LAND-RESIDENTIAL | $2,700 | 139 ft |
| 516 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SKS IRVING LLC | APARTMENT | $2,375,000 | 156 ft |
| 521 2ND ST S E MINNEAPOLIS MN 55414 | WILLIAM POWELL | CONDOMINIUM | $338,000 | 186 ft |
| 521 2ND ST S E MINNEAPOLIS MN 55414 | SUSAN MICHELLE LEE | CONDOMINIUM | $334,800 | 186 ft |
| 521 2ND ST S E MINNEAPOLIS MN 55414 | TARALYN SAYLER/SHANE SAYLER | CONDOMINIUM | $286,200 | 186 ft |
Most Recent Sale
Current Tax Year