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.
1 permit on record since 2018 · Most recent: Aug 2018 (comnofdbv)
All Pride Plumbing 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 7,079 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 508 5TH ST S E MINNEAPOLIS MN 55414 | P H NACHMAN & D D NACHMAN | RESIDENTIAL | $328,700 | 65 ft |
| 520 5TH ST S E MINNEAPOLIS MN 55414 | FIVE TWENTY LLP | APARTMENT | $702,000 | 68 ft |
| 414 5TH AVE S E MINNEAPOLIS MN 55414 | C C WILSON & M ACAMOVIC | RESIDENTIAL-TWO UNIT | $575,900 | 110 ft |
| 504 5TH ST S E MINNEAPOLIS MN 55414 | D J GREEN & A SAUSEN | RESIDENTIAL-TWO UNIT | $596,200 | 126 ft |
| 530 5TH ST S E MINNEAPOLIS MN 55414 | C M ERICKSON & M K ERICKSON | APARTMENT | $1,413,000 | 134 ft |
| 515 4TH ST S E MINNEAPOLIS MN 55414 | 515 LLC | APARTMENT | $1,244,000 | 165 ft |
| 410 5TH AVE S E MINNEAPOLIS MN 55414 | K M GEAGAN & J HURRLE | RESIDENTIAL-TWO UNIT | $401,000 | 175 ft |
| 507 4TH ST S E MINNEAPOLIS MN 55414 | 507 LLC | APARTMENT | $1,152,000 | 178 ft |
| 521 4TH ST S E MINNEAPOLIS MN 55414 | LAKE CITY PROPERTIES LLC | APARTMENT | $624,000 | 178 ft |
| 405 6TH AVE S E MINNEAPOLIS MN 55414 | LIVE CLOSE LLC | APARTMENT | $1,672,000 | 212 ft |
Most Recent Sale
Current Tax Year