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 2023 · $177K total declared value · Most recent: Mar 2026 (addition)
BUILDING ASSETS LLC
ProSource Building Supply
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 |
|---|---|---|---|---|
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $96,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $62,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $55,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $55,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $55,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $69,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $62,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $55,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $55,000 | 0 ft |
| 728 16TH ST E MINNEAPOLIS MN 55404 | OLD TOWN IN TOWN COOPERATIVE | COOPERATIVE HOUSING | $62,000 | 0 ft |