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.
6 permits on record since 2018 · $13K total declared value · Most recent: Apr 2026 (misc)
KAUFMAN SHEET METAL ROOFING INC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CENTERPOINT ENERGY
Urban Pine Plumbing and 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 1256
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-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 small multifamily (2–4 units, wood frame) benchmarks for 3,539 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 58 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RUTH JOAN HAMPTON | RESIDENTIAL-TWO UNIT | $469,000 | 44 ft |
| 50 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | R & P HENDRICKSON | RESIDENTIAL | $591,000 | 50 ft |
| 62 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 62-64 MELBOURNE LLC | RESIDENTIAL-TWO UNIT | $468,900 | 81 ft |
| 48 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | P D WAGENIUS & A LU ELLERTON | RESIDENTIAL | $381,300 | 100 ft |
| 66 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | KATHLEEN J JONES TRUST | RESIDENTIAL | $494,900 | 122 ft |
| 110 ORLIN AVE S E MINNEAPOLIS MN 55414 | B SMITH & D E SMITH | RESIDENTIAL-TWO UNIT | $494,700 | 132 ft |
| 104 ORLIN AVE S E MINNEAPOLIS MN 55414 | A N & K V GUSTAFSON | RESIDENTIAL | $454,000 | 142 ft |
| 44 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | AARON M DESMOND | RESIDENTIAL | $396,000 | 150 ft |
| 114 ORLIN AVE S E MINNEAPOLIS MN 55414 | RYAN R SHEPPARD | RESIDENTIAL | $574,200 | 157 ft |
| 70 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | D WELLINGTON & S WELLINGTON | RESIDENTIAL | $758,000 | 172 ft |
Most Recent Sale
Current Tax Year