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 ↗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 ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2019 · $10K total declared value · Most recent: Sep 2019 (roofwind)
Ciccarcelli Construction
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
Downtown Center 2 — downtown frame district
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
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 |
|---|---|---|---|---|
| 1609 CHICAGO AVE MINNEAPOLIS MN 55404 | DAHAB-SHIL PROPERTIES LLC | COMMERCIAL-NON PREFERRED | $810,000 | 99 ft |
| 1628 ELLIOT AVE MINNEAPOLIS MN 55404 | NORTH CENTRAL UNIVERSITY | COMMERCIAL-PREFERRED | $0 | 166 ft |
| 1624 CHICAGO AVE MINNEAPOLIS MN 55404 | CATHOLIC CHARITIES | LAND-COMMERCIAL | $330,000 | 197 ft |
| 1604 ELLIOT AVE MINNEAPOLIS MN 55404 | T & J STELLER ET AL | RESIDENTIAL-TWO UNIT | $547,400 | 214 ft |
| 1600 ELLIOT AVE MINNEAPOLIS MN 55404 | MARCEL HOFKER | TRIPLEX | $499,400 | 246 ft |
| 1515 CHICAGO AVE MINNEAPOLIS MN 55404 | AEON PRESERVATION LP | LOW INCOME RENTAL | $2,313,000 | 255 ft |
| 1600 CHICAGO AVE MINNEAPOLIS MN 55404 | 1600 ELLIOT PROPERTY LLC | COMMERCIAL-PREFERRED | $445,500 | 262 ft |
| 1520 ELLIOT AVE MINNEAPOLIS MN 55404 | K MEYER & T GUTIERREZ | CONDOMINIUM | $253,000 | 285 ft |
| 1520 ELLIOT AVE MINNEAPOLIS MN 55404 | C KELLY & S SHELTON | CONDOMINIUM | $230,000 | 285 ft |
| 1520 ELLIOT AVE MINNEAPOLIS MN 55404 | MATTHEW RANDOL & N SALIEN | CONDOMINIUM | $231,000 | 285 ft |
Current Tax Year