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.
1 permit on record since 2017 · Most recent: Dec 2017 (existres)
TEAM MECHANICAL 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 1057
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Urban Neighborhood 3 — medium-density 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 3,820 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1916 1ST AVE S MINNEAPOLIS MN 55403 | B KINNING & D J KINNING | CONDOMINIUM | $146,000 | 50 ft |
| 1916 1ST AVE S MINNEAPOLIS MN 55403 | KENNETH R WIK | CONDOMINIUM | $139,000 | 50 ft |
| 1916 1ST AVE S MINNEAPOLIS MN 55403 | DIANE TVEDT | CONDOMINIUM | $139,000 | 50 ft |
| 1916 1ST AVE S MINNEAPOLIS MN 55403 | JOYCE M STONE LIVING TRUST | CONDOMINIUM | $139,000 | 50 ft |
| MN | Unknown | — | — | 50 ft |
| 22 FRANKLIN AVE E MINNEAPOLIS MN 55404 | JOHN CLAUSEN | COMMERCIAL-PREFERRED | $411,000 | 81 ft |
| 12 FRANKLIN AVE E MINNEAPOLIS MN 55404 | EMSD PROPERTIES LLC | COMMERCIAL-PREFERRED | $436,000 | 85 ft |
| 1912 1ST AVE S MINNEAPOLIS MN 55403 | TUPPER PROPERTIES LLC | TRIPLEX | $480,100 | 98 ft |
| 1919 NICOLLET AVE MINNEAPOLIS MN 55403 | FAMILY TREE RL EST HLDG LLC | COMMERCIAL-PREFERRED | $0 | 124 ft |
| 1910 1ST AVE S MINNEAPOLIS MN 55403 | ISLES 2004 LLC | APARTMENT | $1,903,000 | 148 ft |
Most Recent Sale
Current Tax Year