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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
4 permits on record since 2021 · $702K total declared value · Most recent: Jul 2021 (commfdnr)
Air Mechanical Inc
Air Mechanical Inc
Air Mechanical Inc
Homes By Tradition
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Como · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 1,867 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1070 12TH AVE S E MINNEAPOLIS MN 55414 | JAMES EISCHENS | RESIDENTIAL | $299,200 | 58 ft |
| 1074 12TH AVE S E MINNEAPOLIS MN 55414 | IRINA VANASEK | RESIDENTIAL | $298,700 | 108 ft |
| 1058 12TH AVE S E MINNEAPOLIS MN 55414 | CITY LAKES COMM LAND TRUST | — | $251,900 | 112 ft |
| 1063 13TH AVE S E MINNEAPOLIS MN 55414 | BEAST ENTITIES LLC | RESIDENTIAL | $259,100 | 132 ft |
| 1071 13TH AVE S E MINNEAPOLIS MN 55414 | G A SMITH & B A SMITH | RESIDENTIAL | $311,900 | 141 ft |
| 1078 12TH AVE S E MINNEAPOLIS MN 55414 | PB PARTNERS LLC | RESIDENTIAL | $287,700 | 148 ft |
| 1054 12TH AVE S E MINNEAPOLIS MN 55414 | ERIC G/JENNIFER K BJERGAARD | RESIDENTIAL | $226,000 | 150 ft |
| 1075 13TH AVE S E MINNEAPOLIS MN 55414 | ANDREW I LEVIN ET AL | RESIDENTIAL | $294,400 | 170 ft |
| 1057 13TH AVE S E MINNEAPOLIS MN 55414 | 1424-1428 6TH SE LLC | RESIDENTIAL-TWO UNIT | $552,400 | 183 ft |
| 1082 12TH AVE S E MINNEAPOLIS MN 55414 | K A FELBECK & J H ECKHART | RESIDENTIAL | $169,800 | 189 ft |
Most Recent Sale
Current Tax Year