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.
33 permits on record since 2012 · $10.4M total declared value · Most recent: May 2026 (commfdnr)
Modern Heating & Air Conditioning LLC
Alexander Plumbing LLC
Alexander Plumbing LLC
ANDERSON CC INC
Modern Heating & Air Conditioning LLC
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
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 518 2ND ST S E MINNEAPOLIS MN 55414 | 520 SECOND STREET APTS L P | LOW INCOME RENTAL | $42,500 | 104 ft |
| 424 2ND ST S E MINNEAPOLIS MN 55414 | NORTH MILL ST OWNER LLC | LOW INCOME RENTAL | $193,800 | 113 ft |
| 520 2ND ST S E MINNEAPOLIS MN 55414 | 520 SECOND STREET APTS L P | LOW INCOME RENTAL | $9,159,000 | 157 ft |
| 489 MAIN ST S E MINNEAPOLIS MN 55414 | MAIN STREET OWNER LLC | VACANT LAND-APARTMENT | $60,000 | 188 ft |
| 501 MAIN ST S E MINNEAPOLIS MN 55414 | DORAN MAIN LLC | APARTMENT | $38,719,000 | 196 ft |
| 204 5TH AVE S E MINNEAPOLIS MN 55414 | B R SOMMERS & S N GRIGGS | TRIPLEX | $415,000 | 211 ft |
| 519 2ND ST S E MINNEAPOLIS MN 55414 | FLOUR SACK FLATS CONDO ASSN | VACANT LAND-RESIDENTIAL | $2,700 | 225 ft |
| 129 6TH AVE S E MINNEAPOLIS MN 55414 | MARTIN COMPANY | COMMERCIAL-PREFERRED | $1,030,000 | 245 ft |
| 208 5TH AVE S E MINNEAPOLIS MN 55414 | SAMUEL OMANN | RESIDENTIAL | $341,200 | 281 ft |
| 521 2ND ST S E MINNEAPOLIS MN 55414 | WILLIAM POWELL | CONDOMINIUM | $338,000 | 306 ft |