ParcelLens
Property Intelligence · Twin Cities
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Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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 7,170 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2416 1ST AVE S MINNEAPOLIS MN 55404 | OMEGA ONE LTD | VACANT LAND-RESIDENTIAL | $82,000 | 71 ft |
| 2428 1ST AVE S MINNEAPOLIS MN 55404 | J SMALL/M B SMALL | RESIDENTIAL-TWO UNIT | $339,700 | 71 ft |
| 2412 1ST AVE S MINNEAPOLIS MN 55404 | OMEGA ONE LTD | RESIDENTIAL | $545,400 | 118 ft |
| 2432 1ST AVE S MINNEAPOLIS MN 55404 | 2432 FIRST AVENUE LLC | APARTMENT | $1,295,000 | 120 ft |
| 2419 NICOLLET AVE MINNEAPOLIS MN 55404 | TASKS UNLIMITED LODGES | COMMERCIAL-PREFERRED | $0 | 149 ft |
| 2408 1ST AVE S MINNEAPOLIS MN 55404 | BK FOLEY LAND/DEVELOPMNT INC | RESIDENTIAL-TWO UNIT | $320,100 | 165 ft |
| 2436 1ST AVE S MINNEAPOLIS MN 55404 | PINNACLE PROPERTY SOLS LLC | APARTMENT | $754,000 | 169 ft |
| 2429 NICOLLET AVE MINNEAPOLIS MN 55404 | THRONOS DIOS LLC | COMMERCIAL-PREFERRED | $2,290,000 | 177 ft |
| 2415 NICOLLET AVE MINNEAPOLIS MN 55404 | TASKS UNLIMITED LODGES | COMMERCIAL-PREFERRED | $0 | 179 ft |
| 2425 1ST AVE S MINNEAPOLIS MN 55404 | S W HOLMQUIST & C M ADAMIDI | TRIPLEX | $351,200 | 186 ft |
Most Recent Sale
Current Tax Year