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.
6 permits on record since 2001 · $1.3M total declared value · Most recent: Oct 2024 (foodbev)
St Paul Pipeworks LLC
University Lutheran Church of Hope
SUNDIAL ENERGY
Hamlin Installations LLC
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 616 12TH AVE S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | APARTMENT | $1,505,000 | 171 ft |
| 600 12TH AVE S E MINNEAPOLIS MN 55414 | CH OF ST LAWRENCE | LAND-COMMERCIAL | $499,200 | 186 ft |
| 1202 7TH ST S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | APARTMENT | $1,505,000 | 207 ft |
| 606 13TH AVE S E MINNEAPOLIS MN 55414 | KAREN HARMSEN & TIM HARMSEN | RESIDENTIAL | $431,600 | 226 ft |
| 1302 7TH ST S E MINNEAPOLIS MN 55414 | DINKYTOWN RENTALS LLC | TRIPLEX | $1,346,900 | 230 ft |
| 608 13TH AVE S E MINNEAPOLIS MN 55414 | DINKYTOWN RENTALS LLC | RESIDENTIAL-TWO UNIT | $567,000 | 243 ft |
| 1301 6TH ST S E MINNEAPOLIS MN 55414 | GERALD J OCKENFELS | TRIPLEX | $377,000 | 251 ft |
| 1308 7TH ST S E MINNEAPOLIS MN 55414 | DINKYTOWN RENTALS LLC | TRIPLEX | $760,000 | 283 ft |
| 1307 6TH ST S E MINNEAPOLIS MN 55414 | M & R III INC | TRIPLEX | $537,000 | 290 ft |
| 524 12TH AVE S E MINNEAPOLIS MN 55414 | 524 12TH AVE SE LLC | RESIDENTIAL | $510,300 | 320 ft |
Current Tax Year