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.
No permits found in Minneapolis open data for this parcel.
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 2 — moderate-density 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 small multifamily (2–4 units, wood frame) benchmarks for 3,984 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1706 2ND AVE S MINNEAPOLIS MN 55403 | STEVENS COMM ASSOC | APARTMENT | $1,469,000 | 62 ft |
| 1710 2ND AVE S MINNEAPOLIS MN 55403 | STEVENS CMMTY ASC LTD PTSHP | APARTMENT | $1,383,000 | 112 ft |
| 1703 2ND AVE S MINNEAPOLIS MN 55403 | 1728 SECOND AVENUE ET AL | LOW INCOME RENTAL | $569,000 | 144 ft |
| 1705 STEVENS AVE MINNEAPOLIS MN 55403 | LAURA HERRERA | CONDOMINIUM | $105,000 | 144 ft |
| 1705 STEVENS AVE MINNEAPOLIS MN 55403 | ALEDA SNOW | CONDOMINIUM | $119,000 | 144 ft |
| 1707 STEVENS AVE MINNEAPOLIS MN 55403 | KAREN KIRKLAND | CONDOMINIUM | $124,000 | 144 ft |
| 1705 STEVENS AVE MINNEAPOLIS MN 55403 | 1705 STEVENS AVE LLC | CONDOMINIUM | $123,000 | 144 ft |
| 1705 STEVENS AVE MINNEAPOLIS MN 55403 | MAUREEN L WELLS | CONDOMINIUM | $126,000 | 144 ft |
| 1705 STEVENS AVE MINNEAPOLIS MN 55403 | M M OHNSTEIN & A EKSTROM | CONDOMINIUM | $123,000 | 144 ft |
| 1705 STEVENS AVE MINNEAPOLIS MN 55403 | CYRUS M BATHEJA/R R BATHEJA | CONDOMINIUM | $126,000 | 144 ft |
Most Recent Sale
Current Tax Year