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.
13 permits on record since 2017 · $169K total declared value · Most recent: Jul 2025 (remodel)
ULTIMATE EVENTS
The Martinez Group LLC
Metro Matrix LLC
Lake State Plumbing LLC
Binder Heating and Air Conditioning Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Downtown West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1044
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
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 |
|---|---|---|---|---|
| 824 HENNEPIN AVE MINNEAPOLIS MN 55403 | HENNEPIN THEATRE TRUST | COMMERCIAL-PREFERRED | $0 | 55 ft |
| 814 HENNEPIN AVE MINNEAPOLIS MN 55403 | STAGE APARTMENTS LLC | APARTMENT | $2,780,000 | 98 ft |
| 900 HENNEPIN AVE MINNEAPOLIS MN 55403 | HENNEPIN THEATER TRUST | LAND-COMMERCIAL | $350,000 | 141 ft |
| 806 HENNEPIN AVE MINNEAPOLIS MN 55403 | BRULS INC | LAND-COMMERCIAL | $1,220,000 | 159 ft |
| 906 HENNEPIN AVE MINNEAPOLIS MN 55403 | HENNEPIN THEATER TRUST | COMMERCIAL-PREFERRED | $0 | 175 ft |
| 916 HENNEPIN AVE MINNEAPOLIS MN 55403 | BDCCMAC LLC | COMMERCIAL-PREFERRED | $546,300 | 230 ft |
| 910 HENNEPIN AVE MINNEAPOLIS MN 55403 | HENNEPIN THEATRE TRUST | COMMERCIAL-PREFERRED | $0 | 234 ft |
| 800 HENNEPIN AVE MINNEAPOLIS MN 55403 | PENCE BUILDING LLC | COMMERCIAL-PREFERRED | $3,930,000 | 248 ft |
| 19 8TH ST N MINNEAPOLIS MN 55403 | SUMMIT HOSPITALITY 118 LLC | COMMERCIAL-PREFERRED | $17,850,000 | 250 ft |
| 825 HENNEPIN AVE MINNEAPOLIS MN 55403 | ZELLER-800 LASALLE AVE LLC | COMMERCIAL-PREFERRED | $4,390,000 | 253 ft |
Current Tax Year