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 ↗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.
No permits found in Minneapolis open data for this parcel.
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
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 3,741 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 509 5TH ST S E MINNEAPOLIS MN 55414 | R W NELSON & T A NELSON | RESIDENTIAL | $582,000 | 66 ft |
| 514 5TH AVE S E MINNEAPOLIS MN 55414 | M NAZAREVYCH & D NAZAREVYCH | RESIDENTIAL-TWO UNIT | $438,300 | 87 ft |
| 515 5TH ST S E MINNEAPOLIS MN 55414 | DXV PARTNERS LLC | LOW INCOME RENTAL | $1,269,000 | 130 ft |
| 520 5TH AVE S E MINNEAPOLIS MN 55414 | M NAZAREVYCH & D NAZAREVYC | RESIDENTIAL-TWO UNIT | $463,200 | 146 ft |
| 431 5TH ST S E MINNEAPOLIS MN 55414 | KURT J HAYEK | RESIDENTIAL | $265,200 | 153 ft |
| 511 5TH AVE S E MINNEAPOLIS MN 55414 | K MUNSON & J MUNSON | RESIDENTIAL-TWO UNIT | $393,700 | 160 ft |
| 521 5TH ST S E MINNEAPOLIS MN 55414 | MICHAEL BROWNE/KRISTA BROWNE | RESIDENTIAL-TWO UNIT | $474,100 | 182 ft |
| 504 5TH ST S E MINNEAPOLIS MN 55414 | D J GREEN & A SAUSEN | RESIDENTIAL-TWO UNIT | $596,200 | 183 ft |
| 508 5TH ST S E MINNEAPOLIS MN 55414 | P H NACHMAN & D D NACHMAN | RESIDENTIAL | $328,700 | 197 ft |
| 510 6TH ST S E MINNEAPOLIS MN 55414 | TIFFANY WOLF/CHARLES VARLEY | RESIDENTIAL | $658,900 | 208 ft |
Most Recent Sale
Current Tax Year