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 ↗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.
5 permits on record since 2018 · $275K total declared value · Most recent: Jul 2019 (misc)
TRUE BLUE CONSTRUCTION SERVICES LLC
CAMELOT PROPERTIES AND INVESTMENTS INC
Rightmark LLC
TRUE BLUE CONSTRUCTION SERVICES LLC
Air Rite Mechanical Systems 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 1039
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-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 4,048 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1319 7TH ST S E MINNEAPOLIS MN 55414 | T C HARMSEN & K L HARMSEN | TRIPLEX | $672,900 | 42 ft |
| 1309 7TH ST S E MINNEAPOLIS MN 55414 | TANGERINE LLC | TRIPLEX | $459,800 | 48 ft |
| 1327 7TH ST S E MINNEAPOLIS MN 55414 | 1327 7TH ST SE LLC | APARTMENT | $1,480,000 | 103 ft |
| 1307 7TH ST S E MINNEAPOLIS MN 55414 | DINKYTOWN RENTALS LLC | TRIPLEX | $1,026,200 | 105 ft |
| 717 14TH AVE S E MINNEAPOLIS MN 55414 | 717 14TH AVE SE LLC | RESIDENTIAL-TWO UNIT | $404,500 | 126 ft |
| 710 13TH AVE S E MINNEAPOLIS MN 55414 | 710 13TH AVE SE LLC | RESIDENTIAL-TWO UNIT | $796,900 | 139 ft |
| 708 13TH AVE S E MINNEAPOLIS MN 55414 | T HARMSEN & K I HARMSEN | RESIDENTIAL | $327,300 | 157 ft |
| 716 13TH AVE S E MINNEAPOLIS MN 55414 | 716 13TH AVE SE LLC | RESIDENTIAL-TWO UNIT | $895,200 | 164 ft |
| 1301 7TH ST S E MINNEAPOLIS MN 55414 | T C & K L HARMSEN | APARTMENT | $725,000 | 164 ft |
| 1312 8TH ST S E MINNEAPOLIS MN 55414 | 1312 8TH ST SE LLC | APARTMENT | $2,090,000 | 171 ft |
Most Recent Sale
Current Tax Year