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.
4 permits on record since 2000 · $290K total declared value · Most recent: Mar 2025 (commfdnr)
Absolute Mechanical LLC
Alexander Plumbing LLC
Edina Heating and Cooling 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 1069
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2415 NICOLLET AVE MINNEAPOLIS MN 55404 | TASKS UNLIMITED LODGES | COMMERCIAL-PREFERRED | $0 | 59 ft |
| 2411 NICOLLET AVE MINNEAPOLIS MN 55404 | TASKS UNLIMITED LODGES | COMMERCIAL-PREFERRED | $0 | 110 ft |
| 2416 1ST AVE S MINNEAPOLIS MN 55404 | OMEGA ONE LTD | VACANT LAND-RESIDENTIAL | $82,000 | 140 ft |
| 2420 1ST AVE S MINNEAPOLIS MN 55404 | HAPPY STAR II LLC | APARTMENT | $1,911,000 | 149 ft |
| 2412 1ST AVE S MINNEAPOLIS MN 55404 | OMEGA ONE LTD | RESIDENTIAL | $545,400 | 153 ft |
| 2405 NICOLLET AVE MINNEAPOLIS MN 55404 | NICOLLET STREET LLC | COMMERCIAL-PREFERRED | $280,000 | 157 ft |
| 2429 NICOLLET AVE MINNEAPOLIS MN 55404 | THRONOS DIOS LLC | COMMERCIAL-PREFERRED | $2,290,000 | 163 ft |
| 2408 1ST AVE S MINNEAPOLIS MN 55404 | BK FOLEY LAND/DEVELOPMNT INC | RESIDENTIAL-TWO UNIT | $320,100 | 177 ft |
| 2428 1ST AVE S MINNEAPOLIS MN 55404 | J SMALL/M B SMALL | RESIDENTIAL-TWO UNIT | $339,700 | 187 ft |
| 2401 NICOLLET AVE MINNEAPOLIS MN 55404 | NICOLLET STREET LLC | COMMERCIAL-PREFERRED | $660,000 | 203 ft |