ParcelLens
Property Intelligence · Twin Cities
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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.
2 permits on record since 2018 · Most recent: Oct 2024 (commercial minor)
Warners Stellian Co Inc
Mike Larson Master Plumber Inc
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 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 9,383 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1025 12TH AVE S E MINNEAPOLIS MN 55414 | ELWELLS LLC | RESIDENTIAL-TWO UNIT | $343,700 | 81 ft |
| 1005 12TH AVE S E MINNEAPOLIS MN 55414 | MARY SUE COMFORT REVOC TRUST | APARTMENT | $1,361,000 | 120 ft |
| 1031 12TH AVE S E MINNEAPOLIS MN 55414 | T G LINN & C NASE | RESIDENTIAL | $352,600 | 121 ft |
| 1035 12TH AVE S E MINNEAPOLIS MN 55414 | CHAD WOJTOWICK | RESIDENTIAL-TWO UNIT | $393,700 | 161 ft |
| 1018 12TH AVE S E MINNEAPOLIS MN 55414 | KLP REAL ESTATE LLC | RESIDENTIAL | $327,900 | 194 ft |
| 1014 12TH AVE S E MINNEAPOLIS MN 55414 | DAWN M OLSON/AUDREY M OLSON | RESIDENTIAL | $221,800 | 198 ft |
| 1022 12TH AVE S E MINNEAPOLIS MN 55414 | 1022 12TH AVE SE LLC | RESIDENTIAL-TWO UNIT | $704,900 | 198 ft |
| 1010 11TH AVE S E MINNEAPOLIS MN 55414 | TALMAGE OAKLAND LP | LOW INCOME RENTAL | $4,047,000 | 202 ft |
| 1010 12TH AVE S E MINNEAPOLIS MN 55414 | GRANT KLINSING/TAMMY CARLSON | RESIDENTIAL | $279,400 | 210 ft |
| 1026 12TH AVE S E MINNEAPOLIS MN 55414 | BLAKE BONJEAN | RESIDENTIAL | $257,000 | 210 ft |
Current Tax Year