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.
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 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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 632 ONTARIO ST S E MINNEAPOLIS MN 55414 | THETA AUXILIERY EDUC ASSOC | SORORITY/FRATERNITY HOUSING | $534,000 | 93 ft |
| 608 ONTARIO ST S E MINNEAPOLIS MN 55414 | CHILDRENS ONCOLOGY SERVICES | APARTMENT | $0 | 127 ft |
| 636 ONTARIO ST S E MINNEAPOLIS MN 55414 | WISE INVESTMENTS 2 LLC | VACANT LAND-RESIDENTIAL | $39,000 | 143 ft |
| 627 OAK ST S E MINNEAPOLIS MN 55414 | FRIENDS OF ANSELM HOUSE | RESIDENTIAL-TWO UNIT | $0 | 151 ft |
| 629 OAK ST S E MINNEAPOLIS MN 55414 | T M JACOBSEN & C JACOBSEN | RESIDENTIAL-TWO UNIT | $456,600 | 162 ft |
| 638 ONTARIO ST S E MINNEAPOLIS MN 55414 | MUSKMELON LLC | RESIDENTIAL | $299,300 | 168 ft |
| 631 OAK ST S E MINNEAPOLIS MN 55414 | NU SIGMA NU ALUMNI ASSOC | SORORITY/FRATERNITY HOUSING | $385,000 | 177 ft |
| 801 RIVER PKWY E MINNEAPOLIS MN 55414 | AMERICAN MEDICAL RESEARCH IN | RESIDENTIAL | $395,000 | 198 ft |
| 627 ONTARIO ST S E MINNEAPOLIS MN 55414 | JOHN R PEMBLE | RESIDENTIAL-TWO UNIT | $684,100 | 205 ft |
| 640 ONTARIO ST S E MINNEAPOLIS MN 55414 | KENNETH E CLARK | RESIDENTIAL | $383,500 | 205 ft |
Current Tax Year