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.
3 permits on record since 2020 · $14K total declared value · Most recent: May 2020 (private)
Wickenhauser Excavating Inc
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Whittier · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 78.01
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 1,810 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2633 1ST AVE S MINNEAPOLIS MN 55408 | CITY FLATS LTD PARTNERSHIP | LOW INCOME RENTAL | $1,104,000 | 59 ft |
| 2645 1ST AVE S MINNEAPOLIS MN 55408 | 2637 1ST AVE S LLC | APARTMENT | $6,800,000 | 75 ft |
| 2625 1ST AVE S MINNEAPOLIS MN 55408 | ELLIOTT HOMES LLC | APARTMENT | $959,000 | 133 ft |
| 2640 STEVENS AVE MINNEAPOLIS MN 55408 | JORGE RIVAS | RESIDENTIAL | $203,500 | 139 ft |
| 2638 STEVENS AVE MINNEAPOLIS MN 55408 | M D C HERNANDEZ-SANCHEZETAL | RESIDENTIAL | $215,300 | 140 ft |
| 112 27TH ST E MINNEAPOLIS MN 55408 | J D CAHALAN ET AL | RESIDENTIAL-TWO UNIT | $336,800 | 144 ft |
| 2632 STEVENS AVE MINNEAPOLIS MN 55408 | E S LOPEZ & E D SILVAN | RESIDENTIAL | $253,500 | 157 ft |
| 2628 STEVENS AVE MINNEAPOLIS MN 55408 | JM REAL ESTATE INVESTMNT LLC | RESIDENTIAL | $131,100 | 182 ft |
| 2636 1ST AVE S MINNEAPOLIS MN 55408 | CHDC MORRISON LTD PRTSH | APARTMENT | $805,000 | 186 ft |
| 2621 1ST AVE S MINNEAPOLIS MN 55408 | ELIZABETH KNAPSTEIN | APARTMENT | $963,000 | 192 ft |
Most Recent Sale
Current Tax Year