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 2008 · $5.4M total declared value · Most recent: Sep 2008 (building re-inspection)
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 1049.01
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
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 |
|---|---|---|---|---|
| 1503 8TH ST S E MINNEAPOLIS MN 55414 | CARDINAL PROPERTIES II LLC | APARTMENT | $1,949,000 | 182 ft |
| 1526 ELM ST S E MINNEAPOLIS MN 55414 | B9 POLAR UNIVERSITY LLC | LAND - INDUSTRIAL | $125,900 | 246 ft |
| 1611 8TH ST S E MINNEAPOLIS MN 55414 | NORTHSTAR GA LLC ET AL | APARTMENT | $12,569,000 | 293 ft |
| 905 17TH AVE S E MINNEAPOLIS MN 55414 | UNION PACIFIC RAILROAD CO | LAND - INDUSTRIAL | $19,400 | 327 ft |
| 801 18TH AVE S E MINNEAPOLIS MN 55414 | BURLINGTON-NORTHERN INC | RAILROAD | $0 | 369 ft |
| 727 15TH AVE S E MINNEAPOLIS MN 55414 | SEVA INC | APARTMENT | $3,423,800 | 447 ft |
| 830 15TH AVE S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MINN | COMMERCIAL-PREFERRED | $0 | 448 ft |
| 821 15TH AVE S E MINNEAPOLIS MN 55414 | CHICAGO & NORTHWESTERN RR | RAILROAD | $37,100 | 453 ft |
| 721 15TH AVE S E MINNEAPOLIS MN 55414 | SEVA INC | APARTMENT | $1,051,000 | 468 ft |
| 823 15TH AVE S E MINNEAPOLIS MN 55414 | 823 LLC | APARTMENT | $1,532,000 | 480 ft |