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.
3 permits on record since 2017 · $54K total declared value · Most recent: Apr 2022 (roofwind)
RAYCO CONSTRUCTION INC
TEAM MECHANICAL INC
Sayler Heating & Air Conditioning Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Cedar Riverside · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1048.02
Zip code 55454
Source: Redfin Data Center (Invalid Date) · Zip 55454
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 |
|---|---|---|---|---|
| 1819 RIVERSIDE AVE MINNEAPOLIS MN 55454 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 37 ft |
| 1825 RIVERSIDE AVE MINNEAPOLIS MN 55454 | JMH LLC | COMMERCIAL-PREFERRED | $995,000 | 46 ft |
| 1829 RIVERSIDE AVE MINNEAPOLIS MN 55454 | AUGUST VENTURES LLC | COMMERCIAL-NON PREFERRED | $776,000 | 81 ft |
| 1811 RIVERSIDE AVE MINNEAPOLIS MN 55454 | CITY OF MINNEAPOLIS | LAND-COMMERCIAL | $0 | 110 ft |
| 1813 RIVERSIDE AVE MINNEAPOLIS MN 55454 | DILLAS BAR & RESTAURANT INC | COMMERCIAL-PREFERRED | $535,000 | 117 ft |
| MN | Unknown | — | — | 146 ft |
| 1816 5TH ST S MINNEAPOLIS MN 55454 | LARRY C ROSTAD | CONDOMINIUM | $123,000 | 146 ft |
| 1818 5TH ST S MINNEAPOLIS MN 55454 | KELLY L DOUDNA | CONDOMINIUM | $122,000 | 146 ft |
| 1820 5TH ST S MINNEAPOLIS MN 55454 | PETER L DODGE | CONDOMINIUM | $122,000 | 146 ft |
| 1824 5TH ST S MINNEAPOLIS MN 55454 | TILLY JEWEL | CONDOMINIUM | $122,000 | 146 ft |