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.
5 permits on record since 2023 · $61K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Rightmark LLC
Airic's Heating & Air Conditioning Inc
TRUE BLUE CONSTRUCTION SERVICES 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 1039
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-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 3,575 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1205 7TH ST S E MINNEAPOLIS MN 55414 | TIM HARMSEN & KAREN HARMSEN | RESIDENTIAL-TWO UNIT | $713,800 | 41 ft |
| 1213 7TH ST S E MINNEAPOLIS MN 55414 | ROMANS 8 LLC | RESIDENTIAL-TWO UNIT | $711,000 | 46 ft |
| 1201 7TH ST S E MINNEAPOLIS MN 55414 | NAYCO GROUP LLC | APARTMENT | $856,000 | 83 ft |
| 1219 7TH ST S E MINNEAPOLIS MN 55414 | 1219 7TH ST SE LLC | RESIDENTIAL-TWO UNIT | $468,200 | 97 ft |
| 716 12TH AVE S E MINNEAPOLIS MN 55414 | 716 12TH AVE SE LLC | APARTMENT | $2,193,000 | 111 ft |
| 1225 7TH ST S E MINNEAPOLIS MN 55414 | 1225 7TH ST SE LLC | RESIDENTIAL | $439,000 | 145 ft |
| 720 12TH AVE S E MINNEAPOLIS MN 55414 | MARIA T FRANKLIN | RESIDENTIAL-TWO UNIT | $370,800 | 164 ft |
| 715 13TH AVE S E MINNEAPOLIS MN 55414 | GOPHER INVESTMENT IV LLC | APARTMENT | $2,193,000 | 181 ft |
| 1208 8TH ST S E MINNEAPOLIS MN 55414 | 1208 8TH STREET LLC | RESIDENTIAL | $328,000 | 192 ft |
| 1212 8TH ST S E MINNEAPOLIS MN 55414 | ROMANS 8 LLC | RESIDENTIAL | $377,000 | 196 ft |
Most Recent Sale
Current Tax Year