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 1069
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 3,156 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2419 1ST AVE S MINNEAPOLIS MN 55404 | R STROBEL & J STROBEL | RESIDENTIAL-TWO UNIT | $387,600 | 47 ft |
| 2413 1ST AVE S MINNEAPOLIS MN 55404 | JAMES AT MCAD LLC | APARTMENT | $1,246,000 | 47 ft |
| 2425 1ST AVE S MINNEAPOLIS MN 55404 | S W HOLMQUIST & C M ADAMIDI | TRIPLEX | $351,200 | 94 ft |
| 2409 1ST AVE S MINNEAPOLIS MN 55404 | EBULLIENT INVESTMENTS LLC | APARTMENT | $1,391,000 | 94 ft |
| 2418 STEVENS AVE MINNEAPOLIS MN 55404 | DONNA MORENO | RESIDENTIAL | $369,000 | 139 ft |
| 2405 1ST AVE S MINNEAPOLIS MN 55404 | EBULLIENT INVESTMENTS LLC | APARTMENT | $691,000 | 144 ft |
| 2420 STEVENS AVE MINNEAPOLIS MN 55404 | J YOST & I YATES & Q BOCK | RESIDENTIAL-TWO UNIT | $493,700 | 146 ft |
| 2414 STEVENS AVE MINNEAPOLIS MN 55404 | FLETCHER WANLESS | RESIDENTIAL | $505,000 | 147 ft |
| 2429 1ST AVE S MINNEAPOLIS MN 55404 | HOUSING FOR THE ARTS LLC | LOW INCOME RENTAL | $579,000 | 151 ft |
| 2424 STEVENS AVE MINNEAPOLIS MN 55404 | PATRICIA A J ARONSEN | APARTMENT | $587,000 | 167 ft |
Current Tax Year