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 2014 · $51K total declared value · Most recent: Oct 2019 (commercial multi-family)
Jayhawk Mechanical 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
Residential Mixed-Use 1 — low-density mixed 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 3-story wood frame (5–12 units) benchmarks for 11,249 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 609 15TH AVE S E MINNEAPOLIS MN 55414 | 1309 8TH ST LLC | RESIDENTIAL-TWO UNIT | $267,500 | 81 ft |
| 629 15TH AVE S E MINNEAPOLIS MN 55414 | GOLDEN LODGE LLC | APARTMENT | $3,738,000 | 107 ft |
| 1414 7TH ST S E MINNEAPOLIS MN 55414 | GERALD J OCKENFELS | TRIPLEX | $359,300 | 122 ft |
| 1425 6TH ST S E MINNEAPOLIS MN 55414 | ATLAS RESIDENTIAL LLC | RESIDENTIAL-TWO UNIT | $352,200 | 132 ft |
| 1429 6TH ST S E MINNEAPOLIS MN 55414 | CELIA H CHEN | RESIDENTIAL | $302,500 | 144 ft |
| 1410 7TH ST S E MINNEAPOLIS MN 55414 | GRAY JAX INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $420,700 | 147 ft |
| 1401 6TH ST S E MINNEAPOLIS MN 55414 | BIERMAN PLACE LLC | APARTMENT | $14,380,000 | 156 ft |
| 1408 7TH ST S E MINNEAPOLIS MN 55414 | HS PROPERTIES LLC | VACANT LAND-RESIDENTIAL | $107,000 | 195 ft |
| 626 14TH AVE S E MINNEAPOLIS MN 55414 | MATTHEW A HOWE ET AL | RESIDENTIAL | $433,600 | 201 ft |
| 1406 7TH ST S E MINNEAPOLIS MN 55414 | HS PROPERTIES LLC | VACANT LAND-RESIDENTIAL | $107,000 | 226 ft |
Most Recent Sale
Current Tax Year