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 2017 · Most recent: Dec 2017 (res)
CENTERPOINT ENERGY
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 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 6,775 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 315 8TH ST S E MINNEAPOLIS MN 55414 | JULIA X ZHANG & BOLING ZHENG | TOWNHOUSE | $340,300 | 73 ft |
| 311 8TH ST S E MINNEAPOLIS MN 55414 | KATELYN MALIK | TOWNHOUSE | $334,900 | 85 ft |
| 315 8TH ST S E MINNEAPOLIS MN 55414 | YUNYUE LIU | TOWNHOUSE | $319,900 | 92 ft |
| 309 8TH ST S E MINNEAPOLIS MN 55414 | RODNEY L DOCKTER | TOWNHOUSE | $305,000 | 101 ft |
| 824 HENNEPIN AVE E MINNEAPOLIS MN 55414 | RIVER MILL TOWNHOMES ASSOC | COMMON AREA | $0 | 108 ft |
| 317 8TH ST S E MINNEAPOLIS MN 55414 | JONATHAN ERBACHER | TOWNHOUSE | $338,100 | 114 ft |
| 307 8TH ST S E MINNEAPOLIS MN 55414 | PEDAR MARTIN FROSETH | TOWNHOUSE | $296,400 | 121 ft |
| 828 HENNEPIN AVE E MINNEAPOLIS MN 55414 | RIVER MILL TOWNHOMES ASSOC | COMMON AREA | $0 | 131 ft |
| 317 8TH ST S E MINNEAPOLIS MN 55414 | R & R FITZGERALD | TOWNHOUSE | $305,000 | 133 ft |
| 306 9TH ST S E MINNEAPOLIS MN 55414 | JAYME HAMBURGER | TOWNHOUSE | $337,100 | 134 ft |
Most Recent Sale
Current Tax Year