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 ↗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.
4 permits on record since 2001 · $3.6M total declared value · Most recent: Feb 2023 (commercial minor)
Davis Mechanical Systems, Inc.
Davis Mechanical Systems, Inc.
RAPID RESTORATION LLC
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 515 10TH AVE S E MINNEAPOLIS MN 55414 | HS PROPERTIES LLC | APARTMENT | $1,251,000 | 83 ft |
| 915 5TH ST S E MINNEAPOLIS MN 55414 | EVANS SCHOLARS FOUNDATION | VACANT LAND-APARTMENT | $0 | 108 ft |
| 519 10TH AVE S E MINNEAPOLIS MN 55414 | GOPHER INVESTMENT II LLC | APARTMENT | $1,234,000 | 167 ft |
| 910 6TH ST S E MINNEAPOLIS MN 55414 | HS PROPERTIES LLC | VACANT LAND-RESIDENTIAL | $50,000 | 177 ft |
| 912 9TH ST S E MINNEAPOLIS MN 55414 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 196 ft |
| 928 5TH ST S E MINNEAPOLIS MN 55414 | KAPPA HOUSE CORP | SORORITY/FRATERNITY HOUSING | $682,000 | 203 ft |
| 916 5TH ST S E MINNEAPOLIS MN 55414 | KAPPA HOUSE CORPORATION | SORORITY/FRATERNITY HOUSING | $410,000 | 227 ft |
| 916 6TH ST S E MINNEAPOLIS MN 55414 | GOPHER INVESTMENT II LLC | APARTMENT | $1,366,600 | 249 ft |
| 525 10TH AVE S E MINNEAPOLIS MN 55414 | LX REAL ESTATE LLC | APARTMENT | $2,808,000 | 250 ft |
| 1000 5TH ST S E MINNEAPOLIS MN 55414 | 1000 5TH STR SE LLC LLC | SORORITY/FRATERNITY HOUSING | $2,100,000 | 288 ft |
Current Tax Year