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.
2 permits on record since 2018 · $6K total declared value · Most recent: Jul 2020 (remodel)
Holmlund Masonry Inc
WOODLAND STOVES & FIREPLACES
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 3,118 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 515 5TH ST S E MINNEAPOLIS MN 55414 | DXV PARTNERS LLC | LOW INCOME RENTAL | $1,269,000 | 66 ft |
| 501 5TH ST S E MINNEAPOLIS MN 55414 | 501 5TH ST SE LLC | TRIPLEX | $581,000 | 66 ft |
| 514 5TH AVE S E MINNEAPOLIS MN 55414 | M NAZAREVYCH & D NAZAREVYCH | RESIDENTIAL-TWO UNIT | $438,300 | 92 ft |
| 521 5TH ST S E MINNEAPOLIS MN 55414 | MICHAEL BROWNE/KRISTA BROWNE | RESIDENTIAL-TWO UNIT | $474,100 | 116 ft |
| 520 5TH AVE S E MINNEAPOLIS MN 55414 | M NAZAREVYCH & D NAZAREVYC | RESIDENTIAL-TWO UNIT | $463,200 | 161 ft |
| 513 6TH AVE S E MINNEAPOLIS MN 55414 | A C THEK & M C CRELLIN | RESIDENTIAL | $501,700 | 178 ft |
| 505 6TH AVE S E MINNEAPOLIS MN 55414 | MICHELLE BAWIEC/ERIK PAULSON | CONDOMINIUM | $512,000 | 182 ft |
| 527 5TH ST S E MINNEAPOLIS MN 55414 | A K ROBERTS/M R ROBERTS | CONDOMINIUM | $561,000 | 182 ft |
| MN | Unknown | — | — | 182 ft |
| 508 5TH ST S E MINNEAPOLIS MN 55414 | P H NACHMAN & D D NACHMAN | RESIDENTIAL | $328,700 | 183 ft |
Most Recent Sale
Current Tax Year