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.
No permits found in Minneapolis open data for this parcel.
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 2,880 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1323 8TH ST S E MINNEAPOLIS MN 55414 | 1323 8TH STREET LLC | TRIPLEX | $1,238,300 | 41 ft |
| 1335 8TH ST S E MINNEAPOLIS MN 55414 | 801 14TH AVE LLC ET AL | TRIPLEX | $1,243,400 | 41 ft |
| 1317 8TH ST S E MINNEAPOLIS MN 55414 | 1317 8TH STREET LLC | TRIPLEX | $1,151,000 | 82 ft |
| 1315 8TH ST S E MINNEAPOLIS MN 55414 | 1315 8TH ST LLC | TRIPLEX | $1,151,000 | 124 ft |
| 1309 8TH ST S E MINNEAPOLIS MN 55414 | 1309 8TH ST LLC | TRIPLEX | $1,151,000 | 165 ft |
| 815 14TH AVE S E MINNEAPOLIS MN 55414 | THE RAIL LLC | APARTMENT | $9,393,000 | 174 ft |
| 1324 8TH ST S E MINNEAPOLIS MN 55414 | HOWE BROTHERS LLC | RESIDENTIAL-TWO UNIT | $362,500 | 198 ft |
| 1318 8TH ST S E MINNEAPOLIS MN 55414 | 1318 8TH ST SE LLC | TRIPLEX | $1,289,100 | 212 ft |
| 1326 8TH ST S E MINNEAPOLIS MN 55414 | 1326 8TH ST SE LLC | RESIDENTIAL | $545,200 | 220 ft |
| 804 13TH AVE S E MINNEAPOLIS MN 55414 | K L & T C HARMSEN | RESIDENTIAL | $403,300 | 228 ft |
Current Tax Year