ParcelLens
Property Intelligence · Twin Cities
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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.
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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 7,079 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 515 4TH ST S E MINNEAPOLIS MN 55414 | 515 LLC | APARTMENT | $1,244,000 | 66 ft |
| 405 6TH AVE S E MINNEAPOLIS MN 55414 | LIVE CLOSE LLC | APARTMENT | $1,672,000 | 66 ft |
| 507 4TH ST S E MINNEAPOLIS MN 55414 | 507 LLC | APARTMENT | $1,152,000 | 133 ft |
| 520 5TH ST S E MINNEAPOLIS MN 55414 | FIVE TWENTY LLP | APARTMENT | $702,000 | 165 ft |
| 514 5TH ST S E MINNEAPOLIS MN 55414 | 514 5TH ST SE LLC | APARTMENT | $1,407,000 | 178 ft |
| 530 5TH ST S E MINNEAPOLIS MN 55414 | C M ERICKSON & M K ERICKSON | APARTMENT | $1,413,000 | 179 ft |
| 501 4TH ST S E MINNEAPOLIS MN 55414 | M F BURNS & E J OSTERMEIER | RESIDENTIAL | $627,800 | 201 ft |
| 414 5TH AVE S E MINNEAPOLIS MN 55414 | C C WILSON & M ACAMOVIC | RESIDENTIAL-TWO UNIT | $575,900 | 204 ft |
| 410 5TH AVE S E MINNEAPOLIS MN 55414 | K M GEAGAN & J HURRLE | RESIDENTIAL-TWO UNIT | $401,000 | 205 ft |
| 323 6TH AVE S E MINNEAPOLIS MN 55414 | ASHMORE 323 LLC | APARTMENT | $2,475,700 | 216 ft |
Most Recent Sale
Current Tax Year