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.
1 permit on record since 2005 · $683K total declared value · Most recent: Dec 2005 (building re-inspection)
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 78.01
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 |
|---|---|---|---|---|
| 2637 1ST AVE S MINNEAPOLIS MN 55408 | 2637 1ST AVE S LLC | APARTMENT | $668,000 | 59 ft |
| 2625 1ST AVE S MINNEAPOLIS MN 55408 | ELLIOTT HOMES LLC | APARTMENT | $959,000 | 74 ft |
| 2621 1ST AVE S MINNEAPOLIS MN 55408 | ELIZABETH KNAPSTEIN | APARTMENT | $963,000 | 132 ft |
| 2645 1ST AVE S MINNEAPOLIS MN 55408 | 2637 1ST AVE S LLC | APARTMENT | $6,800,000 | 134 ft |
| 2632 STEVENS AVE MINNEAPOLIS MN 55408 | E S LOPEZ & E D SILVAN | RESIDENTIAL | $253,500 | 139 ft |
| 2638 STEVENS AVE MINNEAPOLIS MN 55408 | M D C HERNANDEZ-SANCHEZETAL | RESIDENTIAL | $215,300 | 143 ft |
| 2628 STEVENS AVE MINNEAPOLIS MN 55408 | JM REAL ESTATE INVESTMNT LLC | RESIDENTIAL | $131,100 | 150 ft |
| 2640 STEVENS AVE MINNEAPOLIS MN 55408 | JORGE RIVAS | RESIDENTIAL | $203,500 | 159 ft |
| 2626 STEVENS AVE MINNEAPOLIS MN 55408 | J FREIMUTH & W FREIMUTH | RESIDENTIAL | $254,000 | 164 ft |
| 2617 1ST AVE S MINNEAPOLIS MN 55408 | JAMES W RILEY | RESIDENTIAL | $173,000 | 175 ft |