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 ↗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.
1 permit on record since 2025 · $7K total declared value · Most recent: Dec 2025 (misc)
BUILDTEC CONTRACTING CO 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 38.02
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 2,031 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 715 12TH AVE S E MINNEAPOLIS MN 55414 | 715 12TH AVE SE LLC | RESIDENTIAL-TWO UNIT | $743,500 | 51 ft |
| 1120 8TH ST S E MINNEAPOLIS MN 55414 | 1309 8TH ST LLC | RESIDENTIAL-TWO UNIT | $626,400 | 61 ft |
| 1126 8TH ST S E MINNEAPOLIS MN 55414 | NORA PROPERTIES LLC | RESIDENTIAL | $302,100 | 65 ft |
| 1122 8TH ST S E MINNEAPOLIS MN 55414 | JAMES T EISCHENS | RESIDENTIAL | $299,700 | 65 ft |
| 1112 8TH ST S E MINNEAPOLIS MN 55414 | MINNRES 1112 8TH ST LLC ETAL | APARTMENT | $1,970,000 | 126 ft |
| 720 12TH AVE S E MINNEAPOLIS MN 55414 | MARIA T FRANKLIN | RESIDENTIAL-TWO UNIT | $370,800 | 160 ft |
| 705 12TH AVE S E MINNEAPOLIS MN 55414 | LARRY J & KATHLEEN A ALBERTS | RESIDENTIAL | $787,100 | 160 ft |
| 722 12TH AVE S E MINNEAPOLIS MN 55414 | 722 12TH AVE SE LLC | RESIDENTIAL-TWO UNIT | $760,900 | 163 ft |
| 1121 7TH ST S E MINNEAPOLIS MN 55414 | S BOYNTON/L BOYNTON ET AL | RESIDENTIAL | $520,300 | 172 ft |
| 730 12TH AVE S E MINNEAPOLIS MN 55414 | EDWARD M & HEIDI SCHAEFER | RESIDENTIAL | $282,900 | 176 ft |
Most Recent Sale
Current Tax Year