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 2019 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Heating and Cooling Two 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
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 3,052 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 801 5TH AVE S E MINNEAPOLIS MN 55414 | NORTH STAR PARTNERS LLC | RESIDENTIAL-TWO UNIT | $427,200 | 61 ft |
| 421 8TH ST S E MINNEAPOLIS MN 55414 | JULIETTE R LA BISSONIERE | APARTMENT | $540,100 | 83 ft |
| 815 5TH AVE S E MINNEAPOLIS MN 55414 | RON P JANZEN | RESIDENTIAL-TWO UNIT | $482,100 | 88 ft |
| 416 9TH ST S E MINNEAPOLIS MN 55414 | KAREN C KINOSHITA | RESIDENTIAL | $356,000 | 115 ft |
| 415 8TH ST S E MINNEAPOLIS MN 55414 | WILLIAM E HUNTZICKER & WIFE | RESIDENTIAL | $346,000 | 141 ft |
| 501 8TH ST S E MINNEAPOLIS MN 55414 | S KJELLBERG & H MORLEY | RESIDENTIAL-TWO UNIT | $407,800 | 149 ft |
| 412 9TH ST S E MINNEAPOLIS MN 55414 | NANCY L PETTYGROVE | RESIDENTIAL-TWO UNIT | $368,900 | 162 ft |
| 505 8TH ST S E MINNEAPOLIS MN 55414 | 501 8TH ST SE LLC | APARTMENT | $1,040,000 | 189 ft |
| 409 8TH ST S E MINNEAPOLIS MN 55414 | E ERICKSON & R ERICKSON | RESIDENTIAL | $352,000 | 198 ft |
| 408 9TH ST S E MINNEAPOLIS MN 55414 | JENNIFER C VEECH | RESIDENTIAL | $338,600 | 213 ft |
Current Tax Year