ParcelLens
Property Intelligence · Twin Cities
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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.
2 permits on record since 2012 · $15.1M total declared value · Most recent: Jan 2023 (remodel)
GIERTSEN CO OF MINNESOTA 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 1056
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Residential Mixed-Use 2 — medium-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 6,728 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 409 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 79 ft |
| 416 CLIFTON AVE MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | VACANT LAND-APARTMENT | $161,900 | 90 ft |
| 410 CLIFTON AVE MINNEAPOLIS MN 55403 | ALAIN BINA-KASHANI | RESIDENTIAL | $1,018,600 | 115 ft |
| 403 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 129 ft |
| 419 OAK GROVE ST MINNEAPOLIS MN 55403 | DAVID S EVINGER/LYNN EVINGER | CONDOMINIUM | $659,000 | 143 ft |
| 1600 CLIFTON PL MINNEAPOLIS MN 55403 | KIMBERLY RAKOS | CONDOMINIUM | $707,000 | 143 ft |
| MN | Unknown | — | — | 143 ft |
| 404 CLIFTON AVE MINNEAPOLIS MN 55403 | THE ARCHITECTURAL ALLIANCE | LAND-COMMERCIAL | $311,500 | 151 ft |
| 343 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 179 ft |
| 425 OAK GROVE ST MINNEAPOLIS MN 55403 | ATLAS RENTAL LLC | RESIDENTIAL | $1,226,700 | 205 ft |
Most Recent Sale
Current Tax Year