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.
1 permit on record since 2018 · $9K total declared value · Most recent: Oct 2018 (commercial multi-family)
Mike's Custom Mechanical Inc
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 1037
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 6,702 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 506 7TH ST S E MINNEAPOLIS MN 55414 | T SORENSEN & J SORENSEN | RESIDENTIAL | $688,200 | 66 ft |
| 512 7TH ST S E MINNEAPOLIS MN 55414 | CORDELIA S C PIERSON | RESIDENTIAL-TWO UNIT | $572,200 | 133 ft |
| 501 6TH ST S E MINNEAPOLIS MN 55414 | 501 6TH ST SE LLC | APARTMENT | $1,345,000 | 166 ft |
| 509 6TH ST S E MINNEAPOLIS MN 55414 | BLACK DOG SERVICES LLC | TRIPLEX | $705,400 | 178 ft |
| 621 5TH AVE S E MINNEAPOLIS MN 55414 | 621 5TH AVENUE SOUTHEAST LLC | APARTMENT | $1,728,000 | 182 ft |
| 615 5TH AVE S E MINNEAPOLIS MN 55414 | DOMI PROPERTIES IV LLC | APARTMENT | $1,090,000 | 187 ft |
| 627 5TH AVE S E MINNEAPOLIS MN 55414 | M C EVANS & S K EVANS | RESIDENTIAL | $504,300 | 188 ft |
| 518 7TH ST S E MINNEAPOLIS MN 55414 | ANDREW E MORSE REV TR ET AL | RESIDENTIAL | $389,500 | 199 ft |
| 515 6TH ST S E MINNEAPOLIS MN 55414 | LEE D HANSON | RESIDENTIAL | $703,000 | 212 ft |
| 700 5TH AVE S E MINNEAPOLIS MN 55414 | NIPHA M ST MARIE | RESIDENTIAL | $524,500 | 215 ft |
Most Recent Sale
Current Tax Year