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.
11 permits on record since 2019 · $25.9M total declared value · Most recent: Nov 2024 (commercial minor)
Bedrock Plumbing LLC
WENZEL HEATING AND AIR CONDITIONING
Master Gas Fitters Inc
Wenzel-Plymouth Plumbing LLC
WENZEL HEATING AND A / C
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 1039
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1222 4TH ST S E MINNEAPOLIS MN 55414 | COUNTY OF HENNEPIN | COMMERCIAL-PREFERRED | $0 | 169 ft |
| 1205 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | CHURCH OF LATTER-DAY SAINTS | COMMERCIAL-PREFERRED | $0 | 170 ft |
| 321 12TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN 10 LLC | RESIDENTIAL | $313,000 | 215 ft |
| 325 12TH AVE S E MINNEAPOLIS MN 55414 | DB INVESTMENTS LLC | RESIDENTIAL | $297,000 | 216 ft |
| 1130 4TH ST S E MINNEAPOLIS MN 55414 | M A HOWE & M B HOWE | RESIDENTIAL | $243,300 | 224 ft |
| 1219 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | UNIV BAPTIST CH OF MPLS | COMMERCIAL-PREFERRED | $59,600 | 227 ft |
| 319 12TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN 10 LLC | APARTMENT | $510,000 | 243 ft |
| 1215 4TH ST S E MINNEAPOLIS MN 55414 | R C BERGMAN & N M BERGMAN | APARTMENT | $638,000 | 252 ft |
| 1129 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | PHI GAMMA DELTA ASSN | SORORITY/FRATERNITY HOUSING | $698,000 | 266 ft |
| 1120 4TH ST S E MINNEAPOLIS MN 55414 | 1120 4TH ST SE LLC | RESIDENTIAL-TWO UNIT | $366,000 | 281 ft |