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 2005 · $282K total declared value · Most recent: Jan 2005 (building re-inspection)
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 38.02
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
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 5,448 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 612 10TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN RENTALS LLC | TRIPLEX | $568,400 | 64 ft |
| 1015 6TH ST S E MINNEAPOLIS MN 55414 | DINKYTOWN REALTY LLC | RESIDENTIAL-TWO UNIT | $578,000 | 94 ft |
| 1011 6TH ST S E MINNEAPOLIS MN 55414 | T C HARMSEN & K L HARMSEN | VACANT LAND-RESIDENTIAL | $7,000 | 122 ft |
| 616 10TH AVE S E MINNEAPOLIS MN 55414 | WISE INVESTMENTS LLC | APARTMENT | $2,206,000 | 134 ft |
| 1019 6TH ST S E MINNEAPOLIS MN 55414 | ROMANS 8 LLC | RESIDENTIAL-TWO UNIT | $527,700 | 148 ft |
| 1025 6TH ST S E MINNEAPOLIS MN 55414 | APOLIS LLC | APARTMENT | $537,400 | 209 ft |
| 1016 7TH ST S E MINNEAPOLIS MN 55414 | WISE INVESTMENTS 2 LLC | RESIDENTIAL | $336,100 | 221 ft |
| 611 11TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN RENTALS LLC | RESIDENTIAL | $411,900 | 222 ft |
| 619 11TH AVE S E MINNEAPOLIS MN 55414 | ROMANS 8 LLC | RESIDENTIAL | $448,600 | 225 ft |
| 1004 7TH ST S E MINNEAPOLIS MN 55414 | 1004 7TH STREET SE LLC | APARTMENT | $1,983,000 | 228 ft |
Current Tax Year