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 2018 · $50K total declared value · Most recent: May 2025 (roofwind)
Allied Construction Llc
Warners Stellian Co Inc
SELA ROOFING AND REMODELING INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 4,195 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1514 10TH AVE S MINNEAPOLIS MN 55404 | TIMBERLAND PROPERTIES LLC | APARTMENT | $672,300 | 50 ft |
| 1500 10TH AVE S MINNEAPOLIS MN 55404 | SERNEE LLC | APARTMENT | $1,240,000 | 63 ft |
| 1516 10TH AVE S MINNEAPOLIS MN 55404 | KOK-KONG LEE | APARTMENT | $400,500 | 100 ft |
| 911 15TH ST E MINNEAPOLIS MN 55404 | ELLIOT PARK PLACE LLC | APARTMENT | $493,200 | 115 ft |
| 1509 ELLIOT AVE MINNEAPOLIS MN 55404 | ELLIOT HOUSE LLC | TRIPLEX | $437,000 | 145 ft |
| 1520 10TH AVE S MINNEAPOLIS MN 55404 | KATHLEEN E SCHULER TRUST | RESIDENTIAL-TWO UNIT | $568,300 | 150 ft |
| 1513 ELLIOT AVE MINNEAPOLIS MN 55404 | MILLIE S SCHAFER | RESIDENTIAL-TWO UNIT | $542,200 | 153 ft |
| 907 15TH ST E MINNEAPOLIS MN 55404 | ELLIOT PARK PROPERTIES LLC | APARTMENT | $731,700 | 160 ft |
| 1517 ELLIOT AVE MINNEAPOLIS MN 55404 | SAMUEL WANTA | RESIDENTIAL | $299,000 | 170 ft |
| 1519 ELLIOT AVE MINNEAPOLIS MN 55404 | K J SMITH & S D SMITH | RESIDENTIAL-TWO UNIT | $366,500 | 188 ft |
Most Recent Sale
Current Tax Year