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.
17 permits on record since 2017 · $131K total declared value · Most recent: Jun 2020 (remodel)
ELYSIAN CONSTRUCTION INC
All Pride Plumbing Inc
All Pride Plumbing Inc
All Pride Plumbing Inc
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 38.02
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 small multifamily (2–4 units, wood frame) benchmarks for 2,530 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 819 11TH AVE S E MINNEAPOLIS MN 55414 | GARY R HOWE | VACANT LAND-RESIDENTIAL | $5,000 | 96 ft |
| 817 11TH AVE S E MINNEAPOLIS MN 55414 | GARY HOWE | RESIDENTIAL | $329,800 | 131 ft |
| 819 11TH AVE S E MINNEAPOLIS MN 55414 | GARY R HOWE | RESIDENTIAL | $311,000 | 146 ft |
| 825 11TH AVE S E MINNEAPOLIS MN 55414 | BKS INDUSTRIAL REAL EST LLC | COMMERCIAL-PREFERRED | $1,323,000 | 152 ft |
| 815 11TH AVE S E MINNEAPOLIS MN 55414 | MARK B HOWE & MATTHEW A HOWE | RESIDENTIAL | $208,800 | 185 ft |
| 1015 8TH ST S E MINNEAPOLIS MN 55414 | MARCY PARK APARTMENTS LLC | APARTMENT | $9,200,000 | 204 ft |
| 824 14TH AVE S E MINNEAPOLIS MN 55414 | GREAT NORTHERN RY CO | RAILROAD | $0 | 229 ft |
| 1003 8TH ST S E MINNEAPOLIS MN 55414 | 860 10TH AVENUE SE LLC | VACANT LAND-APARTMENT | $25,300 | 236 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | 1040 LLC | APARTMENT | $4,480,000 | 301 ft |
| 822 11TH AVE S E MINNEAPOLIS MN 55414 | NB PROPERTY2 LLC | COMMERCIAL-PREFERRED | $658,000 | 366 ft |
Most Recent Sale
Current Tax Year