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.
8 permits on record since 2010 · $716K total declared value · Most recent: Dec 2025 (commercial minor)
Water Heaters Now Inc
JNR Builders
DM Companies
WINDOW WORLD
NORTHLAND MECHANICAL CONTRACTORS, 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 29,355 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1000 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | FLO CO FUSION LLC | APARTMENT | $20,680,000 | 164 ft |
| 1030 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | UNIVERSITY OF MINN | LAND-COMMERCIAL | $0 | 186 ft |
| 219 10TH AVE S E MINNEAPOLIS MN 55414 | UMN BRIDGES LLC | APARTMENT | $4,901,000 | 248 ft |
| 211 10TH AVE S E MINNEAPOLIS MN 55414 | UMN BRIDGES LLC | APARTMENT | $17,819,000 | 253 ft |
| 1100 UNIVERSITY AVE S E MINNEAPOLIS MN 55455 | UNIVERSITY OF MINNESOTA | LAND-COMMERCIAL | $0 | 277 ft |
| 1002 2ND ST S E MINNEAPOLIS MN 55414 | BURLINGTON NORTHERN INC | RAILROAD | $5,000 | 278 ft |
| 928 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | UMN BRIDGES LLC | APARTMENT | $9,801,000 | 304 ft |
| 918 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | UMN BRIDGES LLC | APARTMENT | $12,029,000 | 342 ft |
| 1009 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN 1009 LLC | TRIPLEX | $532,000 | 364 ft |
| 1005 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | M E RAHN & F C RAHN JR | TRIPLEX | $860,700 | 373 ft |
Most Recent Sale
Current Tax Year