Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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.
1 permit on record since 2025 · $19K total declared value · Most recent: Nov 2025 (existres)
BURNOMATIC
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 7,079 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 521 5TH ST S E MINNEAPOLIS MN 55414 | MICHAEL BROWNE/KRISTA BROWNE | RESIDENTIAL-TWO UNIT | $474,100 | 63 ft |
| 509 5TH ST S E MINNEAPOLIS MN 55414 | R W NELSON & T A NELSON | RESIDENTIAL | $582,000 | 66 ft |
| 513 6TH AVE S E MINNEAPOLIS MN 55414 | A C THEK & M C CRELLIN | RESIDENTIAL | $501,700 | 112 ft |
| 514 5TH AVE S E MINNEAPOLIS MN 55414 | M NAZAREVYCH & D NAZAREVYCH | RESIDENTIAL-TWO UNIT | $438,300 | 114 ft |
| 505 6TH AVE S E MINNEAPOLIS MN 55414 | MICHELLE BAWIEC/ERIK PAULSON | CONDOMINIUM | $512,000 | 126 ft |
| 527 5TH ST S E MINNEAPOLIS MN 55414 | A K ROBERTS/M R ROBERTS | CONDOMINIUM | $561,000 | 126 ft |
| MN | Unknown | — | — | 126 ft |
| 501 5TH ST S E MINNEAPOLIS MN 55414 | 501 5TH ST SE LLC | TRIPLEX | $581,000 | 130 ft |
| 517 6TH AVE S E MINNEAPOLIS MN 55414 | SARAH NDYAJUNWOHA | RESIDENTIAL | $567,000 | 146 ft |
| 514 6TH ST S E MINNEAPOLIS MN 55414 | K CASTANEDA & J CASTANEDA | RESIDENTIAL | $819,300 | 166 ft |
Most Recent Sale
Current Tax Year