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.
3 permits on record since 2020 · $16K total declared value · Most recent: Dec 2025 (misc)
BUILDTEC CONTRACTING CO LLC
BUILDTEC CONTRACTING CO LLC
Schwantes Heating and Air
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 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 3,254 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 819 11TH AVE S E MINNEAPOLIS MN 55414 | GARY R HOWE | VACANT LAND-RESIDENTIAL | $5,000 | 47 ft |
| 815 11TH AVE S E MINNEAPOLIS MN 55414 | MARK B HOWE & MATTHEW A HOWE | RESIDENTIAL | $208,800 | 54 ft |
| 819 11TH AVE S E MINNEAPOLIS MN 55414 | GARY R HOWE | RESIDENTIAL | $311,000 | 65 ft |
| 825 11TH AVE S E MINNEAPOLIS MN 55414 | BKS INDUSTRIAL REAL EST LLC | COMMERCIAL-PREFERRED | $1,323,000 | 130 ft |
| 860 10TH AVE S E MINNEAPOLIS MN 55414 | 860 10TH AVENUE SE LLC | APARTMENT | $1,788,000 | 131 ft |
| 1015 8TH ST S E MINNEAPOLIS MN 55414 | MARCY PARK APARTMENTS LLC | APARTMENT | $9,200,000 | 154 ft |
| 1101 8TH ST S E MINNEAPOLIS MN 55414 | MATTHEW A & LAUREN S HOWE | RESIDENTIAL | $369,000 | 243 ft |
| 814 11TH AVE S E MINNEAPOLIS MN 55414 | KCK II PROPERTIES LLC ET AL | APARTMENT | $1,875,000 | 247 ft |
| 818 11TH AVE S E MINNEAPOLIS MN 55414 | WITKOWSKI FAMILY TRUST | RESIDENTIAL | $291,000 | 249 ft |
| 822 11TH AVE S E MINNEAPOLIS MN 55414 | NB PROPERTY2 LLC | COMMERCIAL-PREFERRED | $658,000 | 261 ft |
Most Recent Sale
Current Tax Year