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.
2 permits on record since 2021 · $3K total declared value · Most recent: Aug 2025 (existres)
A&E Heating & Air Conditioning LLC
THE HOME DEPOT
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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
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 3,281 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 421 7TH ST S E MINNEAPOLIS MN 55414 | 421 NE LLC | RESIDENTIAL | $301,100 | 64 ft |
| 705 5TH AVE S E MINNEAPOLIS MN 55414 | NATHAN TRAVIS | RESIDENTIAL | $463,200 | 70 ft |
| 711 5TH AVE S E MINNEAPOLIS MN 55414 | COMO7 LLC | RESIDENTIAL | $325,000 | 87 ft |
| 415 7TH ST S E MINNEAPOLIS MN 55414 | 421 NE LLC | RESIDENTIAL | $255,000 | 98 ft |
| 719 5TH AVE S E MINNEAPOLIS MN 55414 | ATHITTHARN ATCHAWONG | RESIDENTIAL | $356,000 | 142 ft |
| 409 7TH ST S E MINNEAPOLIS MN 55414 | 409 LLC | APARTMENT | $509,300 | 143 ft |
| 627 5TH AVE S E MINNEAPOLIS MN 55414 | M C EVANS & S K EVANS | RESIDENTIAL | $504,300 | 162 ft |
| 426 8TH ST S E MINNEAPOLIS MN 55414 | JOHN P GEYEN | RESIDENTIAL-TWO UNIT | $531,900 | 205 ft |
| 420 8TH ST S E MINNEAPOLIS MN 55414 | OLD CHANNEL BAY COMPANES LLC | RESIDENTIAL-TWO UNIT | $402,500 | 217 ft |
| 418 7TH ST S E MINNEAPOLIS MN 55414 | THE COLE DIVISION LLC | APARTMENT | $1,279,000 | 219 ft |
Most Recent Sale
Current Tax Year