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 68
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 13,738 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 112 24TH ST W MINNEAPOLIS MN 55404 | PAMELA K VARDALOS | CONDOMINIUM | $342,200 | 105 ft |
| 114 24TH ST W MINNEAPOLIS MN 55404 | MUSE COLLECTIVE FAM TRUST | CONDOMINIUM | $361,900 | 105 ft |
| 2321 PILLSBURY AVE MINNEAPOLIS MN 55404 | MBW LTD LLC | CONDOMINIUM | $290,200 | 105 ft |
| 2325 PILLSBURY AVE MINNEAPOLIS MN 55404 | KATHERINE MAGUIRE | CONDOMINIUM | $318,200 | 105 ft |
| 2327 PILLSBURY AVE MINNEAPOLIS MN 55404 | M STURUA & C MAXWELL | CONDOMINIUM | $311,000 | 105 ft |
| MN | Unknown | — | — | 105 ft |
| 2301 PILLSBURY AVE MINNEAPOLIS MN 55404 | L G DOUB & K M DOUB | APARTMENT | $2,273,000 | 110 ft |
| 2312 BLAISDELL AVE MINNEAPOLIS MN 55404 | BLAISDELL PORTFOLIO LLC | APARTMENT | $2,400,000 | 184 ft |
| 2219 PILLSBURY AVE MINNEAPOLIS MN 55404 | ERIC E LARSON ET AL | CONDOMINIUM | $370,000 | 205 ft |
| 2219 PILLSBURY AVE MINNEAPOLIS MN 55404 | JOHANNA THILL | CONDOMINIUM | $225,000 | 205 ft |
Most Recent Sale
Current Tax Year