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 2022 · $15K total declared value · Most recent: Mar 2026 (remodel)
GGR Restoration LLC
CenterPoint Energy Resource Corp
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 sfr / adu benchmarks for 1,182 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 623 14TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN RENTALS LLC | RESIDENTIAL | $321,300 | 59 ft |
| 1318 7TH ST S E MINNEAPOLIS MN 55414 | 1318 7TH ST SE LLC | TRIPLEX | $618,000 | 73 ft |
| 617 14TH AVE S E MINNEAPOLIS MN 55414 | 1331 8TH ST LLC | RESIDENTIAL-TWO UNIT | $417,300 | 108 ft |
| 1316 7TH ST S E MINNEAPOLIS MN 55414 | NB PROPERTY2 LLC | TRIPLEX | $697,000 | 121 ft |
| 628 14TH AVE S E MINNEAPOLIS MN 55414 | MATTHEW T MACPHAIL | RESIDENTIAL | $294,400 | 130 ft |
| 611 14TH AVE S E MINNEAPOLIS MN 55414 | GOPHER INVESTMENT V LLC | TRIPLEX | $485,200 | 164 ft |
| 1312 7TH ST S E MINNEAPOLIS MN 55414 | ROMANS 8 LLC | TRIPLEX | $656,000 | 172 ft |
| 1406 7TH ST S E MINNEAPOLIS MN 55414 | HS PROPERTIES LLC | VACANT LAND-RESIDENTIAL | $107,000 | 173 ft |
| 626 14TH AVE S E MINNEAPOLIS MN 55414 | MATTHEW A HOWE ET AL | RESIDENTIAL | $433,600 | 177 ft |
| 1327 7TH ST S E MINNEAPOLIS MN 55414 | 1327 7TH ST SE LLC | APARTMENT | $1,480,000 | 197 ft |
Most Recent Sale
Current Tax Year