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.
4 permits on record since 2019 · $33K total declared value · Most recent: Jun 2023 (commfdrr)
Centraire Heating & Air Conditioning LLC
Powder River Development Services, LLC obo T-Mobil
Powder River Development Services, LLC obo T-Mobil
SMJ INTERNATIONAL OBO T-MOBILE
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 68
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 13,299 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2115 PILLSBURY AVE MINNEAPOLIS MN 55404 | M & E INVESTMENTS LLC | RESIDENTIAL | $1,100,000 | 96 ft |
| 2201 PILLSBURY AVE MINNEAPOLIS MN 55404 | 2201 PILLSBURY AVE LLC | RESIDENTIAL-TWO UNIT | $1,300,000 | 185 ft |
| 2118 BLAISDELL AVE MINNEAPOLIS MN 55404 | NUWAY HOUSE INC | COMMERCIAL-PREFERRED | $0 | 187 ft |
| 2017 PILLSBURY AVE MINNEAPOLIS MN 55404 | SHEPARD ROAD PARTNERS | APARTMENT | $4,400,000 | 227 ft |
| 2118 PILLSBURY AVE MINNEAPOLIS MN 55404 | SAS PROPERTIES LLC | APARTMENT | $1,601,000 | 244 ft |
| 2100 BLAISDELL AVE MINNEAPOLIS MN 55404 | SUNRISE BANK N A | COMMERCIAL-PREFERRED | $1,447,000 | 255 ft |
| 2200 BLAISDELL AVE MINNEAPOLIS MN 55404 | BLAISDELL PORTFOLIO LLC | APARTMENT | $2,600,000 | 263 ft |
| 2112 PILLSBURY AVE MINNEAPOLIS MN 55404 | 2112 PILLSBURY AVE S LLC | APARTMENT | $1,160,000 | 272 ft |
| 2215 PILLSBURY AVE MINNEAPOLIS MN 55404 | AKY GROUP LLC | RESIDENTIAL-TWO UNIT | $1,385,200 | 275 ft |
| 2200 PILLSBURY AVE MINNEAPOLIS MN 55404 | WESTBRIAR APTS WINSTED LLC | APARTMENT | $2,187,000 | 317 ft |
Most Recent Sale
Current Tax Year