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.
2 permits on record since 2018 · $213K total declared value · Most recent: Aug 2019 (commercial multi-family)
Binder Heating and Air Conditioning Inc
FLANNERY CONSTRUCTION
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
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 4,176 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 712 20TH AVE S MINNEAPOLIS MN 55454 | CITY OF MINNEAPOLIS | LOW INCOME RENTAL | $375,600 | 55 ft |
| 720 20TH AVE S MINNEAPOLIS MN 55454 | CITY OF MINNEAPOLIS | LOW INCOME RENTAL | $256,600 | 58 ft |
| 1908 8TH ST S MINNEAPOLIS MN 55454 | M C D A (W BANK HOMES CO-OP) | VACANT LAND-RESIDENTIAL | $16,900 | 96 ft |
| 724 20TH AVE S MINNEAPOLIS MN 55454 | AHMED MAHAMED & DEQA ADAN | RESIDENTIAL | $239,000 | 101 ft |
| 708 20TH AVE S MINNEAPOLIS MN 55454 | M C D A (W BANK HOMES CO-OP) | RESIDENTIAL | $16,900 | 105 ft |
| 716 20TH AVE S MINNEAPOLIS MN 55454 | CITY OF MINNEAPOLIS | LOW INCOME RENTAL | $517,000 | 107 ft |
| 710 20TH AVE S MINNEAPOLIS MN 55454 | M C D A (W BANK HOMES CO-OP) | VACANT LAND-RESIDENTIAL | $27,000 | 136 ft |
| 706 20TH AVE S MINNEAPOLIS MN 55454 | CITY OF MINNEAPOLIS | LOW INCOME RENTAL | $538,000 | 139 ft |
| 1924 8TH ST S MINNEAPOLIS MN 55454 | CITY OF MINNEAPOLIS | LOW INCOME RENTAL | $328,400 | 154 ft |
| 1904 8TH ST S MINNEAPOLIS MN 55454 | M C D A (W BANK HOMES CO-OP) | VACANT LAND-RESIDENTIAL | $33,700 | 156 ft |
Current Tax Year