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.
7 permits on record since 2017 · $1.7M total declared value · Most recent: Dec 2025 (tempheat)
SWIFT HEATING & AIR CONDITIONING INC
SWIFT HEATING & AIR CONDITIONING INC
All Pride Plumbing Inc
GGR Restoration LLC
Nitti Rolloff Services Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 sfr / adu benchmarks for 836 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1018 4TH ST S E MINNEAPOLIS MN 55414 | 1018 4TH ST SE LLC | APARTMENT | $1,438,000 | 52 ft |
| 1010 4TH ST S E MINNEAPOLIS MN 55414 | UNIVERSITY LUTHERAN CHAPEL | VACANT LAND-RESIDENTIAL | $0 | 58 ft |
| 316 10TH AVE S E MINNEAPOLIS MN 55414 | UNIVERSITY LUTHERAN CHAPEL | COMMERCIAL-PREFERRED | $0 | 107 ft |
| 315 11TH AVE S E MINNEAPOLIS MN 55414 | JOY A CHILGREN | APARTMENT | $858,000 | 116 ft |
| 328 10TH AVE S E MINNEAPOLIS MN 55414 | UNIVERSITY LUTHERAN CHAPEL | COMMERCIAL-PREFERRED | $0 | 121 ft |
| 1024 4TH ST S E MINNEAPOLIS MN 55414 | PHI DELTA CHI BLDG ASSN | SORORITY/FRATERNITY HOUSING | $497,000 | 125 ft |
| 314 10TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN 314 LLC | TRIPLEX | $756,200 | 149 ft |
| 1015 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | THE FREUND HAUS LLC | APARTMENT | $792,700 | 167 ft |
| 311 11TH AVE S E MINNEAPOLIS MN 55414 | CHARLES T CHEN | TRIPLEX | $463,000 | 173 ft |
| 1019 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SOUTHSIDE PROPERTIES LLC | TRIPLEX | $496,000 | 178 ft |
Most Recent Sale
Current Tax Year