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.
No permits found in Minneapolis open data for this parcel.
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 4,196 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1520 10TH AVE S MINNEAPOLIS MN 55404 | KATHLEEN E SCHULER TRUST | RESIDENTIAL-TWO UNIT | $568,300 | 50 ft |
| 1514 10TH AVE S MINNEAPOLIS MN 55404 | TIMBERLAND PROPERTIES LLC | APARTMENT | $672,300 | 50 ft |
| 1508 10TH AVE S MINNEAPOLIS MN 55404 | THOMAS J REID | APARTMENT | $510,300 | 100 ft |
| 1600 10TH AVE S MINNEAPOLIS MN 55404 | GABRIELLE RILEY | RESIDENTIAL-TWO UNIT | $460,000 | 100 ft |
| 1517 ELLIOT AVE MINNEAPOLIS MN 55404 | SAMUEL WANTA | RESIDENTIAL | $299,000 | 145 ft |
| 1519 ELLIOT AVE MINNEAPOLIS MN 55404 | K J SMITH & S D SMITH | RESIDENTIAL-TWO UNIT | $366,500 | 146 ft |
| 1513 ELLIOT AVE MINNEAPOLIS MN 55404 | MILLIE S SCHAFER | RESIDENTIAL-TWO UNIT | $542,200 | 153 ft |
| 1523 ELLIOT AVE MINNEAPOLIS MN 55404 | A LIDYAEV & K R LIDYAEV | RESIDENTIAL-TWO UNIT | $375,400 | 155 ft |
| 1500 10TH AVE S MINNEAPOLIS MN 55404 | SERNEE LLC | APARTMENT | $1,240,000 | 163 ft |
| 1604 10TH AVE S MINNEAPOLIS MN 55404 | JEFFREY B MILLIKAN | TRIPLEX | $707,500 | 175 ft |
Most Recent Sale
Current Tax Year