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 2005 · $152K total declared value · Most recent: Dec 2009 (building re-inspection)
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 1049.02
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
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 3,260 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 613 ERIE ST S E MINNEAPOLIS MN 55414 | UNIVERSITY OF MINNESOTA | VACANT LAND-APARTMENT | $196,000 | 39 ft |
| 605 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | VACANT LAND-RESIDENTIAL | $168,000 | 43 ft |
| 617 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | RESIDENTIAL-TWO UNIT | $560,200 | 81 ft |
| 601 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | VACANT LAND-APARTMENT | $257,500 | 89 ft |
| 619 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | VACANT LAND-RESIDENTIAL | $83,000 | 119 ft |
| 1014 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | VACANT LAND-APARTMENT | $0 | 127 ft |
| 1018 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | VACANT LAND-APARTMENT | $0 | 157 ft |
| 621 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | RESIDENTIAL | $346,400 | 159 ft |
| 614 HURON BLVD S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY OF MN | VACANT LAND-APARTMENT | $0 | 164 ft |
| 926 FULTON ST S E MINNEAPOLIS MN 55414 | WILLIAM K CHAN & MAY CHAN | APARTMENT | $661,000 | 174 ft |
Most Recent Sale
Current Tax Year