Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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.
2 permits on record since 2018 · $5K total declared value · Most recent: Jan 2025 (res)
First Class Plumbing LLC
MIDWEST EXTERIORS PLUS 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 2,989 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 315 11TH AVE S E MINNEAPOLIS MN 55414 | JOY A CHILGREN | APARTMENT | $858,000 | 64 ft |
| 1027 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SOUTHSIDE PROPERTIES LLC | TRIPLEX | $472,000 | 83 ft |
| 1023 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SOUTHSIDE PROPERTIES LLC | TRIPLEX | $564,300 | 86 ft |
| 1019 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SOUTHSIDE PROPERTIES LLC | TRIPLEX | $496,000 | 87 ft |
| 1015 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | THE FREUND HAUS LLC | APARTMENT | $792,700 | 130 ft |
| 1024 4TH ST S E MINNEAPOLIS MN 55414 | PHI DELTA CHI BLDG ASSN | SORORITY/FRATERNITY HOUSING | $497,000 | 145 ft |
| 1018 4TH ST S E MINNEAPOLIS MN 55414 | 1018 4TH ST SE LLC | APARTMENT | $1,438,000 | 162 ft |
| 1014 4TH ST S E MINNEAPOLIS MN 55414 | 1014 LLC | VACANT LAND-APARTMENT | $164,700 | 173 ft |
| 1009 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN 1009 LLC | TRIPLEX | $532,000 | 197 ft |
| 314 10TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN 314 LLC | TRIPLEX | $756,200 | 214 ft |
Current Tax Year