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 2022 · $5K total declared value · Most recent: Dec 2023 (remodel)
Safe Basements of MN
Dean's Professional Plumbing 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 1040.01
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 4,397 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 947 17TH AVE S E MINNEAPOLIS MN 55414 | ULTRA ESTATE INC | APARTMENT | $608,500 | 40 ft |
| 953 17TH AVE S E MINNEAPOLIS MN 55414 | RIVER CITY RENOVATIONS LLC | RESIDENTIAL-TWO UNIT | $473,700 | 49 ft |
| 959 17TH AVE S E MINNEAPOLIS MN 55414 | HENN FIN ACQUISTIONS II LLC | RESIDENTIAL-TWO UNIT | $670,900 | 85 ft |
| 1516 BROOK AVE S E MINNEAPOLIS MN 55414 | 1516 BROOK AVENUE SE LLC | RESIDENTIAL | $276,000 | 89 ft |
| 941 17TH AVE S E MINNEAPOLIS MN 55414 | ULTRA ESTATE INC | APARTMENT | $1,307,200 | 100 ft |
| 1512 BROOK AVE S E MINNEAPOLIS MN 55414 | JOHN GROTANS REV TRUST ET AL | APARTMENT | $477,000 | 159 ft |
| 937 17TH AVE S E MINNEAPOLIS MN 55414 | 937 17TH AVE SE LLC | RESIDENTIAL | $601,000 | 160 ft |
| 935 17TH AVE S E MINNEAPOLIS MN 55414 | DANIEL J BUSSE | RESIDENTIAL | $264,000 | 202 ft |
| 1704 BROOK AVE S E MINNEAPOLIS MN 55414 | LEE K WELTER | RESIDENTIAL | $369,300 | 205 ft |
| 946 15TH AVE S E MINNEAPOLIS MN 55414 | SYMLOCARPUS FOETIDUS ET AL | RESIDENTIAL-TWO UNIT | $442,500 | 207 ft |
Most Recent Sale
Current Tax Year