ParcelLens
Property Intelligence · Twin Cities
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Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2020 · $10K total declared value · Most recent: Mar 2024 (existres)
Ray N Welter Heating Co
GARY BENSON CONSTRUCTION INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Elliot Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 59.01
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 3 — higher-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 4,452 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1605 11TH AVE S MINNEAPOLIS MN 55404 | T HANKES & J BABINSKI | RESIDENTIAL-TWO UNIT | $449,800 | 50 ft |
| 1521 11TH AVE S MINNEAPOLIS MN 55404 | AUGUSTANA PROPERTIES LLC | APARTMENT | $425,700 | 53 ft |
| 1517 11TH AVE S MINNEAPOLIS MN 55404 | YIBEYIN ALEMU | TRIPLEX | $561,300 | 100 ft |
| 1609 11TH AVE S MINNEAPOLIS MN 55404 | TAM HUU PHAM | RESIDENTIAL | $402,000 | 100 ft |
| 1515 11TH AVE S MINNEAPOLIS MN 55404 | ALFONSO VELEZ/GLORIA A VELEZ | APARTMENT | $527,400 | 150 ft |
| 1615 11TH AVE S MINNEAPOLIS MN 55404 | POLIR PROPERTIES INC | APARTMENT | $867,600 | 152 ft |
| 926 13TH AVE S MINNEAPOLIS MN 55404 | P P NACHE & J P NACHE | RESIDENTIAL-TWO UNIT | $668,200 | 158 ft |
| 918 13TH AVE S MINNEAPOLIS MN 55404 | CCP MINNEAPOLIS 7005 LLC | MED/CARE FACILITY | $157,700 | 184 ft |
| 1509 11TH AVE S MINNEAPOLIS MN 55404 | J D C CUMBE & M O P PAREDES | TRIPLEX | $429,300 | 200 ft |
| 1215 9TH ST S MINNEAPOLIS MN 55404 | CCP MINNEAPOLIS 7005 LLC | MED/CARE FACILITY | $6,660,000 | 215 ft |
Current Tax Year